News and resources for Canada's top financial advisors
Tax News
What you need to know
By Michelle Munro |October 4, 2011
6 min read
Industry
It's been almost three years since the Federal Government introduced Tax-Free Savings Accounts (TFSAs), but a new survey from ING DIRECT reveals the majority of Canadians are still unclear about them. Those surveyed indicated they have a vague idea (37%) or don't understand how the TFSA works (14%), while 13% of Canadians said they don't know what a TFSA is.
By Staff |October 3, 2011
2 min read
Estate Planning
Trustee duties explained - A trust is a relationship between three parties: the settlor, the trustee and the beneficiary.
By Elaine Blades |October 1, 2011
Can’t write off expenses related to exploring pre-business activity
October 1, 2011
3 min read
For most employees, the taxation of their employment income is straightforward, since their income is mainly comprised of salary and bonuses.
By Robert Mendenhall |October 1, 2011
5 min read
Investment advisors generally don’t aim to generate capital losses. That said, strategically realizing capital losses and using them to a client’s advantage can be a prudent approach.
By Jason Heath |September 29, 2011
Economic Indicators
One in four financial institutions are unaware of impending U.S. tax legislation which will have global reach, according to a report by RBC Dexia Investor Services. Despite the fact that the U.S.’s Foreign Account Tax Compliance Act (FATCA) was passed in 2010, 26% of financial institutions worldwide have little or no awareness of the legislation. […]
By Staff |September 26, 2011
Many parents are choosing to hold property jointly with one or more children with a right of survivorship.
By Barry Corbin |September 21, 2011
Swiss banker Bradley Birkenfeld joined UBS in 2001. Four years later, Birkenfeld realized that UBS’s practice of storing money for American clients in Swiss bank accounts was illegal. Birkenfeld voiced his concern to his supervisors and UBS’s compliance and legal departments. Since he didn’t receive a response, in 2007 Birkenfeld left UBS and complained to the IRS and SEC, triggering a multibillion-dollar international tax-fraud scandal.
By Richard E. Austin |September 20, 2011
Tax Strategies
Tuition fees for undergraduate programs continue to rise in Canada
By Frank Di Pietro |September 20, 2011
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