Tax News

Go ahead and tap that RRSP

Conventional wisdom says clients should contribute as much as possible to an RRSP and wait as long as possible to start taking withdrawals.

By Jason Heath |September 12, 2011

3 min read

Economic Indicators

Tax the rich: A grown-up way to trim a deficit

On both sides of the Altantic, outspoken members of the uber-wealthy are demanding their politicians raise their taxes.

By Michael McCullough, Canadian Business |September 12, 2011

8 min read

Tax News

The tax consequences of loyalty programs

Donating frequent flyer miles can have unintended tax consequences.

September 1, 2011

3 min read

Estate Planning

Inter vivos trusts help minimize tax

Here’s how to use an inter vivos trust (a trust created while the donor is alive to hold property for the benefit of others – usually family members) for income splitting.

By Margaret O’Sullivan |September 1, 2011

4 min read

Five ways clients can avoid property hassles

Holding property jointly has long been called the “poor man’s will”—a way for a person to transfer wealth on death without spending the money to draw up proper documents. So, if a client is considering transferring property into joint ownership with a spouse or children, play devil’s advocate and explain the risks

By Barry Corbin |September 1, 2011

2 min read

Tax forms contain clues

If you’ve never read the income tax note in a company’s annual report, you’re not alone. Many portfolio managers and sell-side analysts don’t bother, either. It’s a mundane and coma-inducing part of the financial statements. So you won’t like this advice: read the tax note.

September 1, 2011

6 min read

Help clients access RRSP funds and save tax

Any amount withdrawn from an RRSP is taxed like interest income.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. - Help clients access RRSP funds and save tax

3 min read

Funding a child’s education

A good education doesn’t come cheap. Even when counting subsidies, the costs of studying and living as a student can reach a small fortune. So many parents look for ways to save for their kids’ education even before the children are out of diapers.

By Raf Brusilow |September 1, 2011

7 min read

Tax News

Go ahead and tap that RRSP

Tax the rich: A grown-up way to trim a deficit

The tax consequences of loyalty programs

Inter vivos trusts help minimize tax

Five ways clients can avoid property hassles

Tax forms contain clues

Four ways to tailor life insurance for wealthy clients

When to blow the whistle

Help clients access RRSP funds and save tax

Funding a child’s education