News and resources for Canada's top financial advisors
Industry
Canada is in the midst of a bull market in yield securities. Retail and institutional investors alike are clamouring for securities generating and paying a steady cash flow. The demographics of this country provide strong evidence of why the demand for yield has seemingly accelerated in recent years.
By Dennis Mitchell |February 24, 2011
9 min read
The popular notion that RRSPs are only tax-deferred while TFSAs are tax-free is rooted in misconception, says Jamie Golombek, managing director of tax and estate planning at CIBC.
By Vikram Barhat |February 23, 2011
3 min read
As one of Canada’s best savings programs and biggest tax breaks, the Registered Retirement Savings Plan (RRSP) should be wildly popular. However, Canadians are not taking full advantage of them. Year after year, over 90% of taxpayers eligible to make RRSP contributions fail to make the maximum contribution, leaving unused contribution room on the table.
By Michael Callahan |February 23, 2011
7 min read
Back at the December 2008 Canadian Tax Foundation Conference, the CRA announced it was preparing to audit loans secured with life insurance policies, also known as 10/8 plans.
February 18, 2011
2 min read
Becoming a millionaire might be more achievable than young Canadians realize, according to a TD Canada survey. Just a fist full of dollars a month, provided the saving starts early. The TD Canada Trust Millionaire’s survey, which polled 689 randomly selected Canadian adults aged 18-34, reveals young Canadians, despite having the power of compounding on […]
By Vikram Barhat |February 16, 2011
Tax News
Reader alert: This is part 2 of a five-part series. • Part 1: Tackling tax-efficient investing • Part 2: Capital gains mean tax-efficient investing • Part 3: Tax-efficient investing and dividends • Part 4: Magic of tax-efficient bond investing • Part 5: Tax-efficient investor behaviour Capital gains are the most tax-efficient form of investment return […]
By André Fok Kam |February 11, 2011
To ensure clarity and efficiency, new legislation is often layered upon existing law; otherwise, there could be unnecessary duplication of definitions, parallel procedures and inconsistent results. A recent court decision concerning the relatively new registered disability savings plan (RDSP) illustrates how this otherwise logical approach may nonetheless lead to unexpected outcomes, and leave a court […]
February 11, 2011
Out of the amount contributed to the RCA, 50% must go to a refundable tax account (RTA) with the CRA. An employer may deduct contributions to a funded SERP, termed an RCA. The 50% tax bracket is back. In case you missed it, Nova Scotia residents will be subject to a 50% tax rate on […]
4 min read
Against the backdrop of the personal wealth lost in the financial crisis and subsequent attempts at recovery, tax and financial planning are more important that ever.
By Vikram Barhat |February 10, 2011
The government of Quebec has made it a priority to rapidly restore fiscal balance. To get there, it prefers raising sales taxes rather than income taxes.
By Staff |February 10, 2011
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