Tax

Inheritance? Don’t bet on it

Much has been made of the trillion dollar wealth transfer expected to take place over the coming 20 years, as the accumulated assets of the massive boomer generation is handed down to their children. But the expectations of those heirs may be quite inflated, according to a survey by Investors Group.

By Staff |February 8, 2012

3 min read

Tax News

Improving the TFSA

With a federal budget on the horizon, and the low likelihood of any goodies, I started thinking about the Conservative party’s campaign promise to eventually double TFSA contribution room.

February 1, 2012

3 min read

Estate Planning

Guided giving

If your clients are charitably inclined, help them explore local community foundations for a wealth of opportunities

By Anne Brayley |February 1, 2012

5 min read

Tax News

Snowbirding in the U.S.

Make sure clients know the tax implications of overstaying

By Annie Boivin |February 1, 2012

5 min read

Contentious clawbacks

From time to time, the issue of the dreaded clawback of the Guaranteed Income Supplement (GIS) or Old Age Security (OAS) benefits rears its ugly head in Tax Court when an irate—and often confused—taxpayer challenges the government’s decision to suddenly reduce his or her government benefits based on a one-time unusual income event the prior year.

3 min read

Tax planning for business immigrants

When my friend from the private banking division called to refer a new immigration tax client to me and said it was important to make time to see him within 24 hours because he was only here a short time before returning home, I sensed an upcoming formidable challenge.

By Lorne Saltman |January 9, 2012

4 min read

Tax

Inheritance? Don’t bet on it

Improving the TFSA

Guided giving

Snowbirding in the U.S.

Contentious clawbacks

The true cost of debt

Beware of tax protester schemes

Avoiding probate court

Rethinking asset location

Tax planning for business immigrants