Tax News

Industry

Prepare clients for OAS and tax changes

There’s a bigger issue behind the new OAS rules than rising life expectancy of Canadians.

By Vikram Barhat |December 17, 2012

4 min read

Industry

Don’t miss these year-end tax deadlines

With the end of the year only a few weeks away, BMO reminds Canadians not to wait until April to think about their taxes. The end of December marks an important time for many Canadians who are looking to minimize the amount of taxes they pay on their investment income. A BMO Nesbitt Burns study […]

By Staff |December 14, 2012

3 min read

Industry

More TFSA room, more savings?

The government’s recent decision to hike TFSA contribution room by $500 has sparked fresh debate on the relevance of the savings vehicle for debt-saddled Canadians.

By Vikram Barhat |December 10, 2012

3 min read

Estate Planning

Fiscal cliff could raise cross-border taxes

President Obama’s re-election may mean higher taxes for Americans in Canada and Canadians with American property. Why?

By Terry F. Ritchie |December 4, 2012

4 min read

Why paying taxes is easy in Canada

This year Canada places 8th overall when it comes to ease of paying taxes for businesses, according to Paying Taxes 2013, a joint study from PwC, the World Bank and the International Finance Corporation (IFC) that looks at tax regimes in 185 economies.

By Staff |December 3, 2012

1 min read

Tax articles to share with your clients

As the year winds down, your clients’ thoughts turn to taxes. Or not. The point, though, is that they should; because any tax issues they clear up late in 2012 or early in 2013 will mean savings throughout the coming year. As you prepare for year-end meetings, phone calls or other communications with clients, here […]

By Staff |December 3, 2012

1 min read

When a client has capital losses in an RRSP

With at least three decades to go before retirement, Josh’s portfolio is invested in global mutual funds, commodity stocks and specialty funds. Through diligent saving, he has managed to put away $110,000.

By Lisa MacColl |December 3, 2012

5 min read

Help affluent professionals save tax

Doctors, Dentists, lawyers and other professionals make great clients. They’re usually high income earners with steady and predictable cash flow. Most will fund their own retirements, so they want capital preservation. One surefire preservation method is to save on taxes. Here’s how.

3 min read

5 year-end tax tips

Canadians only have about a month to take advantage of year-end tax savings. “There are a number of easy ways for Canadians to reduce taxes that they might otherwise owe, but in many cases you need to act before December 31,” says CIBC’s tax and estate planning expert, Jamie Golombek. Read: TFSA contribution limit increased […]

By Staff |November 30, 2012

2 min read