Tax

IIAC calls new T1135 impossible

The Investment Industry Association of Canada (IIAC) has sent CRA a comment letter on the new T1135 form, identifying issues of “immediate urgency” and suggesting some of the new requirements will be “impossible” to satisfy.

By Staff |December 6, 2013

1 min read

Tax loss selling: Using Canadian-listed ETFs to defer taxes on capital gains

This course is no longer eligible for CE credits. Go to cecorner.ca to find eligible courses. OBJECTIVE No one likes losing money on an investment, but claiming capital losses can reduce your tax bill and ease the pain. Tax loss selling is a technique for harvesting capital losses in non-registered accounts so they can be […]

By Justin Bender and Dan Bortolotti |December 5, 2013

17 min read

What are the strangest tax deductions?

Farmers can claim cat and dog food as a business expense if those animals keep pests away from their crops. Check out these other surprising tax deductions.

By Staff |December 4, 2013

1 min read

A smooth exit from character conversion funds

Carol Bezaire, vice-president of tax and estate planning at Mackenzie Investments, breaks it down. It’s clear why the government targeted these funds: their derivative structure means CRA gets less than if investors bought bonds directly.

By Dean DiSpalatro |December 3, 2013

4 min read