Tax Strategies

Debt and taxes

A personal representative (executor in some jurisdictions, estate trustee in Ontario, liquidator in Quebec) must deal with estate debts, potential claims against the estate and taxes when a loved one passes.

By Tim Brisibe |October 22, 2012

3 min read

Industry

5 improvements to the RDSP

The government introduced five positive changes to the RDSP in Budget 2012

By Jacqueline Power |October 17, 2012

4 min read

Tax News

Ensure clients register tax disputes on time

Make sure clients file Notices of Objection on time.

By Jamie Golombek |September 21, 2012

3 min read

Tax News

Why clients must pay back RRSP withdrawals

The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.

By Jamie Golombek |August 8, 2012

3 min read

Tips for giving inheritances to disabled children

If a disabled client receives an inheritance, it can interfere with federal and provincial social assistance benefits. So you must do special planning to prevent any erosion of benefits, while allowing assets to build for the future.

4 min read

How sales charges impact registered accounts

What’s the tax impact of DSC fees? The charges may apply to both registered and non-registered investments, but if clients want to withdraw from RRSPs, RRIFs and TFSAs, they should know the tax implications of DSCs.

4 min read

Tax Strategies

Debt and taxes

5 improvements to the RDSP

Ensure clients register tax disputes on time

Why clients must pay back RRSP withdrawals

Claim the capital gains exemption

Keep tax planning at forefront

Tips for giving inheritances to disabled children

Make sure clients declare all income

How sales charges impact registered accounts

How to destroy an inheritance