Tax

Tax the rich: A grown-up way to trim a deficit Fallback Image Decorative pattern

Economic Indicators

Tax the rich: A grown-up way to trim a deficit

On both sides of the Altantic, outspoken members of the uber-wealthy are demanding their politicians raise their taxes.

By Michael McCullough, Canadian Business |September 12, 2011

8 min read

Inter vivos trusts help minimize tax Fallback Image Decorative pattern

Estate Planning

Inter vivos trusts help minimize tax

Here’s how to use an inter vivos trust (a trust created while the donor is alive to hold property for the benefit of others – usually family members) for income splitting.

By Margaret O’Sullivan |September 1, 2011

4 min read

Tax forms contain clues Fallback Image Decorative pattern

Industry

Tax forms contain clues

If you’ve never read the income tax note in a company’s annual report, you’re not alone. Many portfolio managers and sell-side analysts don’t bother, either. It’s a mundane and coma-inducing part of the financial statements. So you won’t like this advice: read the tax note.

September 1, 2011

6 min read

Help clients access RRSP funds and save tax Fallback Image Decorative pattern

Industry

Help clients access RRSP funds and save tax

Any amount withdrawn from an RRSP is taxed like interest income. So, if Howard withdraws $300,000 to make an investment outside the account, he’s subject to a 39% tax rate since he’s at the highest marginal rate. - Help clients access RRSP funds and save tax

By Dean DiSpalatro |September 1, 2011

3 min read