Tax

HRTC deadline looming

Since the introduction of the federal Home Renovation Tax Credit (HRTC) announced in the January 2009 federal budget, Canadians have been scurrying to renovate outdated bathrooms, leaky roofs, antiquated furnaces and yards in need of landscaping. Now, with the February 1st deadline looming, your clients will need to get their renovation projects completed in order […]

By Frank Di Pietro |December 30, 2009

6 min read

Year in Review – Tax Tips for 2009

15% on the first $40,726 of taxable income 22% on the next $40,726 of taxable income (on the portion of taxable income between $40,726 and $81,452) 26% on the next $44,812 of taxable income (on the portion of taxable income between $81,452 and $126,264) 29% of taxable income over $126,264 These rates are federal only, […]

December 30, 2009

4 min read

Be prepared: Year-end tax tips

For all of us, December is just about the busiest month of the year. For your high-net worth clients there are also tax issues that should be dealt with despite the seasonal distractions. As an advisor, you are uniquely positioned to help clients minimize their 2009 tax bills. The following are some of the key […]

By Michelle Munro |December 14, 2009

6 min read

Know the rules for expense write offs

The ability to deduct myriad business expenses is one of the biggest tax advantages of being a self-employed financial advisor as opposed to being an employee. That being said, there are still limits to what an advisor can legitimately deduct for tax purposes as B.C. advisor Hans Rupprecht recently learned in a Federal Court of […]

By Jamie Golombek |December 1, 2009

3 min read