News and resources for Canada's top financial advisors
Tax News
Lifetime contribution amount: $50,000 for RESPs opened after 2007 Annual contribution limit: None Maximum age to open: None. However, Canadian Education Savings Grants are only available to children until December 31 of the year the child turns 17. Canada Learning Bonds are available to age 21. Read: Making cash gifts “resp”onsible Duration: until December 31 […]
By Staff |September 1, 2012
1 min read
Estate Planning
If the complexity of U.S. cross-border taxes doesn’t convince you to get help, the liability factor will.
By Melissa Shin |September 1, 2012
3 min read
The IRS says it will go after deliberate tax evaders overseas.
By Terry Ritchie and Brian Wruk |August 27, 2012
2 min read
Art purchases aren’t just for show; they’re also a solid investment to pass on to future generations. Help clients start a collection with these tips.
By Vikram Barhat |August 24, 2012
Debt is an ongoing issue, and one that’s not restricted to any age group. A recent CIBC poll found 59% of retirees are in debt. Read: Too many boomers retire with debt Meanwhile, one-third of students are feeling anxious about their finances, says TD. And it’s no wonder. The average debt of a university student […]
By Staff |August 23, 2012
Widely held companies without a controlling shareholder should be thinking about defensive strategies in the event of a hostile takeover bid.
By Camilla Cornell |August 23, 2012
Everyone needs an estate plan, says Jamie Golombek, managing director of tax and estate planning with CIBC Private Wealth Management.
By Martha Porado |August 22, 2012
With proper tax planning, you can reduce the amount of taxes payable on your property. But, improper planning can cost you a whole lot more; one B.C. couple's ill-advised plans cost them $700,000.
By Mark Weisleder |August 21, 2012
Lessons learned from the mishandling of miner Paul Penna’s multi-million dollar bequest
By Melissa Campeau |August 20, 2012
4 min read
Most advisors wait until the end of the year to harvest tax losses. But by that time, the losses may have disappeared -- and the tax-planning opportunities with them.
By Staff |August 17, 2012
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