Tax

Decorative pattern

Estate Planning

Case study: How to use TFSAs for different client types

They say bad news travels fast, and this has undeniably been the case in the markets of late. I’ve been dismayed to see my equity-weighted RRSPs shrink in recent weeks, and it’s likely most of your clients have witnessed this happening to their accounts too. While that might make your clients nervous, remember that what […]

November 21, 2008

8 min read

Decorative pattern

Estate Planning

Up to speed: An overview of tax changes in 2008

charitable donations; child care expenses; interest expense on money borrowed to earn investment income; and investment counselling fees. Tax-Free Savings Accounts (TFSAs) Finally, perhaps the biggest tax announcement in 2008 was the introduction of the new TFSA, set to be launched on January 1, 2009. These new accounts will allow Canadian residents 18 years of […]

November 21, 2008

5 min read

Decorative pattern

Tax update: Market mayhem, loss planning and other opportunities

From a tax planning point of view, there has been an extraordinary amount of change introduced and implemented that will affect client assets. Markets, too, are wreaking havoc on portfolios — havoc that needs to be managed and accounted for, in some cases before December 31. There are tax break “gifts” you could manage for […]

By Kate McCaffery |November 20, 2008

6 min read

Decorative pattern

Minimize RRSP tax with proper planning

When RRSPs were introduced in 1957, no one expected to see Canada’s investing landscape become as diverse as it has. With T-Series funds, corporate class options and now the tax-free savings account —not to mention all the various tax strategies that have come into play over the last 50 years —helping a client ease into […]

By Bryan Borzykowski |November 19, 2008

6 min read

Decorative pattern

Estate Planning

More tax planning reading, resources and tools

Over the course of the year, the staff at Advisor.ca has written a plethora of articles about pressing tax issues. Don’t worry if you’ve missed some of these gems — we’ve made sure to highlight a few of the more noteworthy pieces that have appeared online in 2008. Protecting RRSPs from creditors New bankruptcy legislation […]

By Staff |November 3, 2008

2 min read

Decorative pattern

Tax-loss selling might ease your clients’ pain

It’s not easy to find a silver lining in this economic downturn, but tax-savvy advisors don’t need to look too hard to uncover a saving grace: tax-loss selling. This year — maybe more than any other — tax-loss planning will be a vital area in which advisors can add value, though stocks have to be […]

By Bryan Borzykowski and Mark Noble |November 3, 2008

4 min read

Decorative pattern

Estate Planning

Tax-loss selling might ease your clients’ pain

It’s not easy to find a silver lining in this economic downturn, but tax-savvy advisors don’t need to look too hard to uncover a saving grace: tax-loss selling. This year — maybe more than any other — tax-loss planning will be a vital area in which advisors can add value, though stocks have to be […]

By Bryan Borzykowski and Mark Noble |November 3, 2008

4 min read

Decorative pattern

Capital losses top year-end tax planning priorities

Maybe more than in any other year, this tax season, tax loss planning will be a vital area where advisors can add value. In order to take advantage of capital losses this year, securities must be sold by December 24, which means advisors have to start strategizing now if their clients should be selling stock […]

By Mark Noble |October 23, 2008

4 min read

Decorative pattern

Estate Planning

Legally speaking: Botched beneficiary designations

Frequently when I review an insurance agent’s or investment advisor’s files I am surprised to see that a simple estate planning step has gone awry. In an RRSP or RIF there should always be a beneficiary designation. In life insurance especially, failing to have a designated beneficiary simply makes no sense. Given the role both […]

By Harold Geller |October 23, 2008

4 min read

Decorative pattern

Companies jockey for position on TFSA

Although never really in doubt, a new Conservative federal government ensures the tax-free savings account will be available January 1, 2009. The past two months have seen a deluge of financial institutions offering special registered TFSA accounts ready for action come January 1, 2009. With a contribution limit of $5,000 a year, it will be […]

By Mark Noble |October 21, 2008

1 min read

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