Tax

Tax brackets, figures and details for your practice (the 2009 edition)

It’s that time of year again — step right up and get your downloadable tax bracket, personal amount and federal tax credit information here. Personal income tax amounts are indexed to inflation, using Consumer Price Index data reported by Statistics Canada. This year, changes reflect index increases of 2.5% for 2009. [Click here to download […]

By Staff |January 7, 2009

3 min read

Supreme Court Lipson decision due out tomorrow

On Thursday morning the Supreme Court of Canada will release its long-awaited and much anticipated decision in Jordan B. Lipson, Earl Lipson v. The Queen. Jamie Golombek, now managing director of tax and estate planning at CIBC Private Wealth Management, has been covering this issue for the Advisor Group since the Tax Court of Canada […]

By Kate McCaffery |January 7, 2009

2 min read

TFSAs and non-registered accounts

Should clients put their money into a TFSA or a non-registered account? Although the answer may seem obvious, a discussion about why the TFSA is advantageous has its merits. In two respects, TFSAs and non-registered accounts are identical. Account holders must be 18 years or older (technically, there’s no age requirement for non-registered accounts, but […]

By Michelle Munro |January 2, 2009

4 min read

Buyout basics

Every recession brings significant job losses. If any of your clients have become unemployed recently, help them sort through the various decisions that must be made to ease both immediate and long-term financial burdens. Compensation stemming from job loss is generally salary continuance or a retiring allowance. Salary continuance (including accumulated vacation pay and pay […]

By Gena Katz |January 1, 2009

3 min read