Tax

Tax strategies for the HNW family

No two family scenarios are the same, and this is especially true when it comes to clients with significant sources of wealth.

By Pearl E. Schusheim & Steve Landau |November 1, 2010

7 min read

Tax News

Minimizing taxes on executive incomes

Although an executive employee has fewer opportunities to minimize tax than a business owner, there are still a number of things an executive client may want to consider.

By Prashant Patel |November 1, 2010

3 min read

Tax News

Tax tips for the business owner

Canadians like to complain about high taxes and the CRA, but despite these grumblings, there are some legitimate tax-planning strategies and opportunities for business owners.

By Prashant Patel |November 1, 2010

4 min read

Tax News

Charitable giving: A win-win-win proposition

With recent improvements in the financial markets, your clients may be more inclined to open their hearts and their wallets for charitable giving. It’s a win-win-win proposition—the charity gets its needed funds and the donor wins twice: he satisfies his social conscience and reduces his tax bill. Fortunately, there are many ways to donate, and […]

By Gena Katz |November 1, 2010

3 min read

Funding Boomer retirements

Life goes by so fast. Believe it or not but the oldest of the Baby Boomers are set to turn 65 in 2011. This will trigger the beginning of a rising wave of retirements that will peak within the next two decades. This global trend towards retirement is even more significant in Canada where the […]

By Wilmot George |October 27, 2010

6 min read

Immigrating can be taxing

There are a variety of income tax consequences associated with immigration to Canada. But with a little planning, tax savings can be had, both currently and in the future. On becoming a resident of Canada, an individual is deemed to have disposed and reacquired most capital property owned immediately prior to establishing residence for proceeds […]

By Gena Katz |October 8, 2010

3 min read

An RESP strategy that works

In my last column, I wrote about the extraordinary unused potential of registered education savings programs (RESPs). I also discussed in general terms the importance of helping clients take advantage of federal and provincial grants and incentives to maximize tax sheltered savings for their children’s or grandchildren’s higher education. RESPs should appeal greatly to investors, […]

5 min read

A late T1135 can be costly

A full seven more cases have landed in Federal Court concerning the late filing of the much-maligned Form T1135 – the Foreign Income Verification Statement. I first wrote about this topic this past spring (“Don’t be late!”Advisor’s Edge Report, April 2010), but since then, taxpayers continue to get hit with severe penalties for not filing […]

5 min read

Tax

Tax strategies for the HNW family

Minimizing taxes on executive incomes

Tax tips for the business owner

Charitable giving: A win-win-win proposition

Ultravision explained

Children’s Activity tax credit, a break for parents

Funding Boomer retirements

Immigrating can be taxing

An RESP strategy that works

A late T1135 can be costly