Tax

Decorative pattern

Immigrating can be taxing

There are a variety of income tax consequences associated with immigration to Canada. But with a little planning, tax savings can be had, both currently and in the future. On becoming a resident of Canada, an individual is deemed to have disposed and reacquired most capital property owned immediately prior to establishing residence for proceeds […]

By Gena Katz |August 11, 2010

3 min read

Decorative pattern

Selling business shares

There are opportunities clients should certainly take advantage of to shelter or defer the tax on those gains

By Gena Katz |August 10, 2010

3 min read

Decorative pattern

Spousal loan pitfalls

Much has been written about the opportunity for family tax savings that can be achieved by shifting investments from a high taxpayer spouse (“spouse” also refers to a common-law partner) to a lower taxpayer spouse. One of the more popular strategies is the use of a spousal loan. This process requires the borrowing spouse to […]

By Carol Bezaire |August 5, 2010

6 min read

Decorative pattern

Estate Planning

Selling a business effectively

There is a great deal of preparation required to maximize the valuation of a business

By Mark Groulx |August 4, 2010

3 min read

Decorative pattern

Legacy of the family cottage

Jumping off the dock in the noonday sun, paddling a canoe in the late evening alongside the loons and roasting marshmallows on the bonfire late at night: the beloved cottage is a magical place for many Canadian families. Indeed, in many parts of the country, real estate values of cottages, cabins and other waterfront recreational […]

By Elaine Blades |August 1, 2010

6 min read

Decorative pattern

OAS clawback

If I received and subsequently invested a loonie for every client who has bemoaned the dreaded clawback of Old Age Security benefits because their retirement income is too high, the income ultimately generated from that investment alone could be enough to wipe out my own entire OAS benefits! The OAS program is an important component […]

By Jamie Golombek |August 1, 2010

3 min read

Decorative pattern

Withdrawal strategies

Here is a situation that could be described as a financial advisor’s dream. An advisor has been referred a well-to-do retired couple who are seeking a second opinion on their finances. Their main goal, naturally, is to generate enough income to keep them in the style to which they have become accustomed. But, they also […]

By Michelle Munro |July 29, 2010

6 min read

Decorative pattern

Selling small business shares

Almost every succession plan for business owners involves the disposition of corporate shares. It might happen as part of an estate freeze, other reorganization or an outright sale to the next generation. Although share dispositions, including sales and transfers, often result in the realization of capital gains, there are opportunities clients should certainly take advantage […]

By Gena Katz |July 12, 2010

3 min read

Decorative pattern

Reporting confidential tax deals

There was no mention of it in the Federal Budget Speech, but there is a very important proposal in the Budget Plan that could have serious implications for wealth advisors, particularly those involved in sophisticated tax planning. It has to do with requiring the reporting of certain tax avoidance transactions that fall outside existing tax […]

June 29, 2010

4 min read

Decorative pattern

Dealing with RRSP, RRIF losses

In Canada, when an individual dies, he or she is deemed to have sold their assets just before death – a sale that generally results in tax payable by the deceased’s estate. For non-registered assets such as personally held stocks, bonds, mutual funds and recreational real estate, the tax is generally based on the difference […]

By Wilmot George |June 24, 2010

6 min read

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