Tax News

Improving the TFSA

With a federal budget on the horizon, and the low likelihood of any goodies, I started thinking about the Conservative party’s campaign promise to eventually double TFSA contribution room.

February 1, 2012

3 min read

Snowbirding in the U.S.

Make sure clients know the tax implications of overstaying

By Annie Boivin |February 1, 2012

5 min read

Contentious clawbacks

From time to time, the issue of the dreaded clawback of the Guaranteed Income Supplement (GIS) or Old Age Security (OAS) benefits rears its ugly head in Tax Court when an irate—and often confused—taxpayer challenges the government’s decision to suddenly reduce his or her government benefits based on a one-time unusual income event the prior year.

By Jamie Golombek |February 1, 2012

3 min read

The true cost of debt

The true cost of debt—to truly help clients understand, advisors need to factor in taxes

By Jason M. Pereira |February 1, 2012

4 min read