Tax

Decorative pattern

Help clients access RRSP funds and save tax

Any amount withdrawn from an RRSP is taxed like interest income. So, if Howard withdraws $300,000 to make an investment outside the account, he’s subject to a 39% tax rate since he’s at the highest marginal rate. - Help clients access RRSP funds and save tax

By Dean DiSpalatro |September 1, 2011

3 min read

Decorative pattern

Funding a child’s education

A good education doesn’t come cheap. Even when counting subsidies, the costs of studying and living as a student can reach a small fortune. So many parents look for ways to save for their kids’ education even before the children are out of diapers.

By Raf Brusilow |September 1, 2011

7 min read

Decorative pattern

Beware the kiddie tax

One of the most popular methods of legal income splitting in the 1990s was to have a business owner issue shares directly or indirectly (via a family trust) to his or her minor children.

August 30, 2011

3 min read

Decorative pattern

Does your client hold prohibited investments?

If you have clients who own a hefty chunk of a listed company in their registered accounts, you'd better get on the phone with them—and a tax expert.

By Staff |August 29, 2011

2 min read

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Selling your book? Keep your receipts for tax time

We’re about to enter tax season. Not only will clients be calling with tax return preparation questions, but now is also a good time to get a head start on your own tax return by gathering documentation, slips and other records needed to substantiate your own business expenses.

By Jamie Golombek |August 20, 2011

4 min read

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Income planning tips

When people think of income planning, they usually think of retirement. Prior to retirement, Canadians are mainly concerned with paying debt and accumulating retirement assets, so they ignore income-planning opportunities.

By Mike George |August 15, 2011

5 min read

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Estate Planning

Will estate taxes come back?

Read: André L’Espérance’s column Increasing estate value for the affluent Will estate taxes come back to Canada? They are certainly in the spotlight. The estate tax debate lurches back and forth in the U.S., as the legacy of the tax package enacted by the Bush administration in 2001 – with a sunset clause allowing the […]

By Scot Blythe |August 15, 2011

4 min read

Decorative pattern

Watch the taxes on foreign investments

When clients receive their T3 and T5 slips, be prepared to have an open and knowledgeable conversation with them should they ask why they are being asked to pay tax on the various income and/or capital gains amounts they've reported.

By Jamie Golombek |August 4, 2011

3 min read

Decorative pattern

Neighbourly advice on tax-efficient income

Sooner or later, every homeowner is going to face the decision that my neighbour is about to make. She is of an age and life stage where it makes sense to sell her house and move into a home that requires less upkeep and physical demands. Of course, deciding to move is only part one […]

By Michelle Munro |August 3, 2011

6 min read

Decorative pattern

Estate Planning

Combining insurance policies

An insured annuity can be a powerful tool to help business owners maximize retirement income while minimizing tax. This type of annuity involves simultaneously purchasing a life annuity and a life insurance policy.

By André L’Espérance |August 1, 2011

3 min read

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