Luxury cars and cozy cottages build a formidable illusion of wealth, but these hallmarks of conspicuous consumption don’t always add up to high net worth. This harsh reality jolts many possession-rich folks when advisors tally assets against liabilities, and reach grim conclusions.

By Kanupriya Vashisht |April 16, 2012

8 min read

Proposed U.S. immigration reforms could impact older clients

Recently, several advisors and clients have asked us about the so-called snowbird visa being proposed in the U.S. A cross-border financial-planning firm has been strongly encouraging Canadian snowbirds to contact U.S. senators, congresspeople and sponsors of this bill to push the proposed legislation forward.

5 min read

Will the Buffett Rule pass?

U.S. President Barack Obama has made the case that whoever wins the upcoming election will face an economy still recovering from the “worst economic calamity since the Great Depression” and many Americans will still be looking for jobs and lacking financial security.

April 10, 2012

2 min read

Charitable tax credits flexible after death

The income tax act provides that a charitable gift gives rise to a donation tax credit in the calendar year in which the gift was made. And, to the extent the donation tax credit is not claimed in that year, it may be carried forward and claimed in any of the donor’s five succeeding taxation years.

3 min read

Tax

Good news for clients with 401(k)

Ask clients about cross-border activities

Tax cheats beware

Deconstructing wealth

Taxpayer gets second chance

Trust residence ruling upheld

Proposed U.S. immigration reforms could impact older clients

Will the Buffett Rule pass?

Charitable tax credits flexible after death

When tax is a piece of cake