Tax

Determining inheritance is a matter of timing Fallback Image Decorative pattern

Tax News

Determining inheritance is a matter of timing

(December 2007) When it comes to determining entitlement to an inheritance, nothing rings more true than the old adage, timing is everything. Back in 1991, Nora Mulligan’s will stated that the three adult children from her first marriage would get whatever money she had at her death, while her husband would continue as surviving joint […]

December 24, 2007

2 min read

T-Series offers retirees tax-free distributions Fallback Image Decorative pattern

Tax News

T-Series offers retirees tax-free distributions

(December 2007) As more boomers inch toward retirement, helping them save enough cash is becoming increasingly important. That’s why most mutual fund companies now offer a T-Series class fund — a relatively new option for people who want their distributions tax free. The T in T-Series stands for tax-advantaged, and it’s easy to see why. […]

By Bryan Borzykowski |November 27, 2007

6 min read

Income splitting requires balance Fallback Image Decorative pattern

Tax News

Income splitting requires balance

(November 2007) Canadians receiving pension payments were probably happy with the federal government’s decision to allow income splitting in the 2007 budget, but most will still require guidance, according to one tax and retirement planning specialist. “They should be aware of what kinds of income are actually eligible for the splitting,” says Dave Ablett, manager, […]

By Steven Lamb |November 21, 2007

3 min read

Keep taxes down by incorporating Fallback Image Decorative pattern

Tax News

Keep taxes down by incorporating

There are myriad ways for advisors to keep their clients' taxes low, but if your clients are professionals, you might want to think about having them incorporate.

By Bryan Borzykowski |November 16, 2007

3 min read