News and resources for Canada's top financial advisors
Tax News
The minimum interest rate for family loans rose from 1% to 2% in October 2013, and should fall back to 1% in January 2014. But changes in the interest rate don’t take the lustre off this income-splitting strategy, say tax advisory and wealth management experts. Families can still benefit; the keys are understanding how the […]
By Dean DiSpalatro |November 12, 2013
7 min read
Penalties are harsh, so make sure clients include it correctly
By Jamie Golombek |November 12, 2013
3 min read
Tax consequences can emerge unexpectedly
By James and Deborah Kraft |November 12, 2013
4 min read
IAFP case study deals with a family considering a U.S. move
November 12, 2013
10 min read
Which tax rates are clients really paying?
Industry
In August the Department of Finance released legislative proposals to modernize the life insurance policy tax exemption test.
By Staff |November 11, 2013
1 min read
Economic Indicators
The federal government took in $209 billion in taxes in 2012-2013, up from $199 billion in 2011-2012.
By Staff |November 8, 2013
2 min read
A new Ontario tax rule means business-owning clients should re-evaluate paying themselves dividends.
By Jessica Bruno |November 7, 2013
If you missed the deadline to get clients into income splitting loans before the prescribed rate doubled to 2% from 1% last month, you’ve lucked out.
By Jamie Golombek |November 7, 2013
Consider this: Your clients are 27 years old and married. The wife wants to go back to school to get her MBA. She has not used her RESP room because her parents didn’t create one for her, and she attended her undergrad on a full scholarship. So she’s got questions.
By Caroline Hanna |November 5, 2013
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