News and resources for Canada's top financial advisors
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More than half of Canadians (52%) don’t have a tax-free savings account (TFSA), reports ING DIRECT.
By Staff |March 12, 2013
1 min read
Tax News
Editor’s note: This article is from 2013. For 2017 information, read our article, “Salary or dividends: Which is better for business owners?” There are nearly 2.5 million businesses in Canada, according to Industry Canada. A large portion of them are small and medium enterprises (SMEs) operated as corporations with one or a few shareholders. These […]
By Francois Bernier |March 7, 2013
7 min read
The Canada Revenue Agency, along with posting tax tips for families and students, has also posted tax submission tips and hints for seniors.
March 6, 2013
2 min read
The Canada Revenue Agency (CRA) has offered a list of tax tips, including many ways to help save money at tax time.
By Staff |March 5, 2013
Many of your clients probably have kids in post-secondary education. More often than not, those students have little or no income. All the more reason to file a tax return.
By Staff |February 28, 2013
3 min read
Your client wants to give to charity. But before he makes a donation, warn him about gifting tax shelter schemes. If it seems too good to be true, it probably is, says the Canada Revenue Agency (CRA). For example, if a tax shelter promoter offers a tax receipt for a larger amount than the donation […]
By Staff |February 27, 2013
Clients who contribute to RRSPs are often eager for the immediate gratification of a tax refund.
By Melissa Shin |February 26, 2013
Nearly one-third of eligible Canadians (32%) still plan make an RRSP contribution for the 2012 tax year, says a new CIBC poll. And though they’re quickly running out time, more than half of these people say they’re going to put it off until the last 48 hours. Read: RRSPs are more than tax tools “Everyone’s […]
By Staff |February 25, 2013
When wealthy clients discover their final tax liabilities for 2011, some may no doubt be surprised to find they owe Alternative Minimum Tax (AMT). Help clients avoid this shock.
By Stella Gasparro |February 25, 2013
The number one question Canadians are asking this RRSP season is whether to pay down debt before contributing to their long-term savings, says Jamie Golombek, CIBC's managing director of tax and estate planning.
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