Tax

Incorporation tax benefits for professionals

As a professional, significant tax planning opportunities can become available when you incorporate. These include splitting income with family members, taking advantage of low corporate tax rates to defer tax and possibly the capital gains exemption if you sell your corporation.

By Bruce Ball |February 10, 2011

4 min read

Tax News

Plan confusion: RESP, RDSP, RRSP or TFSA?

With so many plans to choose from, how do we best advise our clients on the optimal tax-preferred savings strategy?

February 10, 2011

3 min read

Industry News

Special Report: Accounting Playbook, Tax-smart strategies

A blessing for some, a curse for others, tax season is upon us again. It is a time for advisors to educate their clients on the tax strategies which will provide those lucrative tax-saving opportunities. Our special ‘Accounting Playbook’ highlights plans and insights you may or may not have considered that will better your clients’ […]

By Staff |February 10, 2011

3 min read

Industry

Tackling tax-efficient investing

While tax-advantaged vehicles such as RRSPs and tax-free savings accounts are a sure bet for most investors, they are limited by the investor’s contribution room. Once that has been exhausted, investing in taxable accounts is the next step. However, at that point, the tax impact of making such a move must be investigated.

By André Fok Kam |February 9, 2011

7 min read

Receipts, records at tax time

We’re about to enter tax season. Not only will clients be calling with tax return preparation questions, but now is also a good time to get a head start on your own tax return by gathering documentation, slips and other records needed to substantiate your own business expenses. A recent tax case (St-Onge v The […]

4 min read

Estate planning for blended families

Blended families are increasingly common and as an advisor you’ll likely have clients with children from one or more prior relationships. In most blended family situations, each partner wants to ensure that when they die, their children, as well as their new love, will be treated fairly and will receive as much financial support as possible.

By Floyd Gradley |February 4, 2011

9 min read

The case for spousal RRSPs

It’s RRSP season. Inevitably, clients who have waited until this final month to make 2010 contributions will ask lots of questions. Beyond “Should I make a contribution at all?” and “What should I invest in?” there is, “Should I contribute to a spousal RRSP?”

By Gena Katz |February 2, 2011

3 min read

Beware those missing tax slips

Tax slips — whether T4s for employment income, T3s for trust distributions or T5s for investment income — are the CRA’s way of ensuring taxpayers don’t forget to report all their income under Canada’s self-assessment tax system.

3 min read

Tax

Incorporation tax benefits for professionals

Plan confusion: RESP, RDSP, RRSP or TFSA?

Special Report: Accounting Playbook, Tax-smart strategies

Tackling tax-efficient investing

Receipts, records at tax time

Estate planning for blended families

Top firms propose tax changes

The case for spousal RRSPs

Beware those missing tax slips

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