News and resources for Canada's top financial advisors
Tax News
When does a business become a business for tax purposes? This question is fundamental to knowing when to write off losses associated with a business activity against other income on your personal tax return.
By Jamie Golombek |November 10, 2011
3 min read
Industry
When people think of income planning, they usually think of retirement. Prior to retirement, Canadians are mainly concerned with paying debt and accumulating retirement assets, so they ignore income-planning opportunities.
By Mike George |November 9, 2011
4 min read
For most employees, the taxation of their employment income is straightforward, since their income is mainly comprised of salary and bonuses.
By Robert Mendenhall |November 3, 2011
5 min read
Here's a question to see how closely you've been reading my column. How many of you remember Ashley, the prototypical echo boomer profiled in December 2010?
By Michelle Munro |October 31, 2011
6 min read
Baby boomers who fail to implement a long-term financial plan early in their retirement years are at risk of having their government benefits and credits clawed back, warns the BMO Retirement Institute.
By Tammy Burns |October 27, 2011
2 min read
Any amount withdrawn from an RRSP is taxed like interest income. So, if Howard withdraws $300,000 to make an investment outside the account, he's subject to a 39% tax rate since he's at the highest marginal rate.
By Dean DiSpalatro |October 26, 2011
A shareholder agreement is a document used to establish the guidelines that will govern the workings of a company and the relationship between the company shareholders.
By Francois Bernier |October 19, 2011
7 min read
The U.S. government may plan to beef up border security, but capital knows no bounds--especially when Uncle Sam thinks he deserves a cut of your client's wealth. Here's help in reducing the tax bill.
By Staff |October 11, 2011
What you need to know
By Michelle Munro |October 4, 2011
It's been almost three years since the Federal Government introduced Tax-Free Savings Accounts (TFSAs), but a new survey from ING DIRECT reveals the majority of Canadians are still unclear about them. Those surveyed indicated they have a vague idea (37%) or don't understand how the TFSA works (14%), while 13% of Canadians said they don't know what a TFSA is.
By Staff |October 3, 2011
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