Tax

Be prepared: Year-end tax tips Fallback Image Decorative pattern

Tax News

Be prepared: Year-end tax tips

For all of us, December is just about the busiest month of the year. For your high-net worth clients there are also tax issues that should be dealt with despite the seasonal distractions. As an advisor, you are uniquely positioned to help clients minimize their 2009 tax bills. The following are some of the key […]

By Michelle Munro |December 14, 2009

6 min read

Know the rules for expense write offs Fallback Image Decorative pattern

Tax News

Know the rules for expense write offs

The ability to deduct myriad business expenses is one of the biggest tax advantages of being a self-employed financial advisor as opposed to being an employee. That being said, there are still limits to what an advisor can legitimately deduct for tax purposes as B.C. advisor Hans Rupprecht recently learned in a Federal Court of […]

By Jamie Golombek |December 1, 2009

3 min read

In-trust accounts can help avoid probate Fallback Image Decorative pattern

Tax News

In-trust accounts can help avoid probate

The settlement of a trust is a simple step that opens the door to sophisticated wealth planning opportunities. In last month’s story we touched on the requirements for a trust to come into existence, and canvassed some of the most common ways trusts may be characterized for tax purposes. Ultimately though, reducing trust taxes is […]

December 1, 2009

3 min read

Tax planning for your practice Fallback Image Decorative pattern

Tax News

Tax planning for your practice

(November 2009) It’s every advisor’s November ritual: taking a fine-tooth comb to clients’ financial plans. Reviewing portfolios, revisiting risk and reminding clients about their tax obligations are things every good planner does. But being diligent with clients doesn’t mean you can take care of yourself. “Advisors need to take their own advice,” says Michelle Munro, […]

By Bryan Borzykowski |November 17, 2009

5 min read