News and resources for Canada's top financial advisors
Tax News
If you have business owner clients who have to purchase cars or trucks for their companies, there are easy ways to help them save tax.
By Dave Cesmystruk |August 15, 2013
3 min read
When the kids were born, a sales rep convinced them to enroll in a group RESP. For five years, they met the rigid monthly contribution schedule. But when the meltdown hit, William’s business suffered, so from 2008 to 2012 they were unable to make contributions.
By Dean DiSpalatro |August 14, 2013
4 min read
Industry
Boomers in the U.S. contribute 43% of all giving, finds a new study. Meanwhile, 11% of Gen Y donates to charities, and 20% of Gen X.
By Staff |August 9, 2013
1 min read
Borrowing to invest doesn’t always lead to tax deductions.
By Stella Gasparro |August 8, 2013
Life
When Patricia was six, her parents’ Californian advisor suggested they buy basic whole life insurance for Patricia and her two siblings under the umbrella of one of their own policies. When she left for Harvard at 18, her parents transferred the policy to her name.
By Dean DiSpalatro |August 7, 2013
Several measures in this year’s federal budget may increase taxes for wealthy clients. Here are three areas to watch.
By Stella Gasparro |July 25, 2013
Business losses are different than capital losses.
By Jamie Golombek |July 17, 2013
Tax-savvy investors place securities that yield the highest-taxed income in TFSAs—for instance interest-bearing securities, like bonds.
By Stella Gasparro |July 17, 2013
The government has clarified its position on character conversion transactions.
By Staff |July 15, 2013
2 min read
Estate Planning
Almost $30 million of the late James Gandolfini’s $70 million estate could be subject to a massive death tax, reports the New York Daily News.
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