Client profile Annabelle Bonheur*, 56, is a biochemist at a major pharmaceutical company and makes $325,000 a year. Her deceased parents left her a large inheritance, which includes shares in two private companies and a three-acre tract of land not far from her home in Oakville, Ont., that will likely be a future hotspot for […]
If you have more than $100,000 in foreign property, you need to file Form T1135.
The United States’ political, legal, financial and economic systems are rigged in favour of the financial elite, argues a former top official.
And what does that mean for client portfolios?
If you’re receiving distributions from a bona fide non-resident trust, you’ll likely have a smaller tax bill than if you were a beneficiary of a Canadian resident trust. Lorne Richter, tax partner at Richter LLP in Montreal, illustrates how the two trust types are usually taxed.
Few opportunities remain, but traps abound
“Whoever gets elected, Republican or Democrat, I don’t think it’ll have a lasting impact on markets.”
CRA just made life easier for executors administering estates that include unexercised stock options.
The offshore trust. Once the estate-planning vehicle of choice for wealthy Canadian families, these structures are now largely off-limits.
You just got promoted, and your compensation package includes stock options. To factor them into your plan, you need to understand how options work, how they’re taxed and what happens to them when you die