Tax News

Tax Tips: Delaying investment income

When buying or selling investments, timing is of the essence, especially towards the tail end of the year when getting the timing wrong can result in an undesirable tax position.

By Vikram Barhat |December 8, 2011

2 min read

Industry

Tax Tips: Claim business expenses now

It's that time of the year when advisors want their businesses and individual taxpayer clients to drop everything and turn their focus to year-end tax planning.

By Vikram Barhat |December 7, 2011

2 min read

Industry

Income trust, redux?

Remember income trusts? The high-yielding business structures were pretty much obliterated at the beginning of this year as new tax treatment was implemented. But they may be making a comeback, thanks to a new structure devised by PwC.

By Staff |December 7, 2011

2 min read

Industry

Explain TFSAs to confused clients

We're rapidly approaching the New Year and soon your clients will have another $5,000 in contribution room in their TFSA. On top of that, they'll be able to replace any capital they've cashed out. But do you understand these rules?

By Staff |December 5, 2011

2 min read

’Tis the season for charitable planning

As the shops fill and the messages of merriment and good cheer are sent out, what better time to think of the less fortunate than during this season of giving? In this series Anne Brayley, vice-president, professional advisory services at the Toronto Community Foundation, speaks to experts in the field of philanthropy.

By Staff |December 2, 2011

1 min read

Clients selling their companies?

Retirement compensation arrangement could provide flexible pension plan. Eighty percent of small business owners will either sell or pass on their businesses to heirs over the next 10 to 15 years.

3 min read

Stake a claim

Every year, the federal government awards approximately $4 billion to Canadian companies making Scientific Research & Experimental Development(SR&ED) claims. However, the SR&ED program can be complicated and confusing.

5 min read

Residency rules snowbirds need to know

Avoiding Canadian winters by heading to the warmer climate of the southern United States has long been a common goal for Canadian retirees. These snowbirds look to enjoy the warm weather while maintaining their Canadian ties. For many it's a great way to spend a part of their retirement, as long as they are aware of the potential tax consequences.

By Michelle Munro |November 16, 2011

6 min read

Charitable giving survives economic woes

Today marks National Philanthropy Day and the fact that end-of-year giving accounts for approximately one-quarter of national not-for-profit contributions annually proves Canadians have their heart in the right place.

By Vikram Barhat |November 15, 2011

3 min read