Tax

Planned giving offers plenty of options

(May 2007) With so many charitable giving options available, there’s a good chance your client is clueless as to how to best donate their assets. So don’t just say “sure” when one suggests giving stocks; let your client know about all the choices. Of course, it might be hard to convince a client that there […]

By Bryan Borzykowski |May 29, 2007

5 min read

Biased income splits

(April 2007) One of the most significant tax changes for 2007 was the announcement last fall by the Conservatives to permit pension income splitting. The rules governing the type of income that can be split mirror the rules for definition of “pension income” in the Income Tax Act and, as currently drafted, tend to discriminate […]

April 4, 2007

3 min read

Gimme Shelter

(February 2007) Just over a year after the release of the Federal Court of Appeal’s now-infamous trio of decisions involving donation tax shelters, Nash, Tolley and Quinn (see Advisor’s Edge Report, “Gift Low No-No,” December 2005), the Canada Revenue Agency has attacked and won yet another case (McPherson v The Queen, 2006 TCC 648) involving […]

February 16, 2007

3 min read

Gimme Shelter

(February 2007) Just over a year after the release of the Federal Court of Appeal’s now-infamous trio of decisions involving donation tax shelters, Nash, Tolley and Quinn, the Canada Revenue Agency has attacked and won yet another case (McPherson v The Queen, 2006 TCC 648) involving a donation scheme with a 75% “kickback” feature. Grant […]

February 1, 2007

3 min read