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Latest news in Tax

8 things to know when tax-loss harvesting

You want to maximize your earnings, but you also want to minimize your tax exposure. A great way to do that is through tax-loss harvesting.

Budget 2014 clamps down on trusts

The federal government plans to eliminate special tax benefits that arise from applying graduated taxation to testamentary trusts and grandfathered trusts

  • February 12, 2014 August 1, 2018
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2014 Budget brings targeted tax changes

For the average Canadian, there’s little to gain from the Federal Budget issued yesterday in Ottawa.

Conversation starter – Save tax on probate

Ask wealthy older clients if they’ve ever considered setting up a trust.

  • February 4, 2014 February 4, 2014
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Conversation starter – Transferring frozen assets

Ask business-owning clients who they plan on leaving their preferred, “freeze,” shares too.

  • January 27, 2014 January 27, 2014
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Can you leave the kids your pension?

Estate planning and tax planning usually intersect. This can have significant property and tax implications for the naming of non-spouse beneficiaries on registered plans.

Are you subject to U.S. estate tax?

Whether you owe U.S. estate tax depends on your answers to two questions.

Conversation Starter – Preparing a PoA for Personal Care

Ask your client, “Have you considered preparing a personal care PoA?”

  • January 17, 2014 January 17, 2014
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Preparing a PoA for Personal Care

Mitch Childs knows from experience that, like his clients, you’re reluctant about drafting a will — that includes a living will, also known as a…

Action Idea – Preparing a PoA for Personal Care

Need to get your client thinking about a PoA for personal care? Try this tip.

  • January 15, 2014 January 15, 2014
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Inheriting foreign property

Inheriting property can be a nice financial boon, but when that property is outside of Canada, it can also be big headache on the tax…

Conversation starter – Inheriting foreign property

Need to break the ice with clients about inheriting foreign property?

  • January 6, 2014 January 6, 2014
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Action idea – Avoid high tax on old trusts

Need to get your client thinking about avoiding tax on old trusts? Try this tip.

  • January 2, 2014 January 2, 2014
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Avoid high tax on old trusts

It’s time to start thinking about any properties you put into trust 20 years ago.

Action idea – Stretch your retirement funds

Need to get your client thinking about stretching their retirement funds? Try this tip.

  • December 30, 2013 December 30, 2013
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Stretch your retirement funds

It’s hard to retire in this economy, but these strategies can help you stretch your retirement funds.

Action idea – Dispute an unfavourable tax assessment

Need to get your client thinking about disputing their tax assessment? Try this tip.

  • December 11, 2013 December 11, 2013
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Conversation starter – Dispute an unfavourable tax assessment

Need to break the ice with clients about disputing their tax assessment?

  • December 11, 2013 December 11, 2013
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Dispute an unfavourable tax assessment

Think CRA got something wrong in your latest tax assessment? Here’s how to dispute it.

Conversation Starter – A cautionary charity tale

Ask your client, “Have you made any unusual donations this year?”

  • December 11, 2013 December 11, 2013
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Conversation starter – Saving money as a mature student

Need to break the ice with clients about going back to school?

  • December 10, 2013 December 10, 2013
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A cautionary charity tale

What constitutes a gift? That was the subject of a Tax Court of Canada decision released in November 2013.

Digital currency, real tax

With all the media buzz, it’s not surprising that digital currencies such as Bitcoin are growing in popularity.

Make the most of your cottage

Make the most of your cottage by renting it out when you’re not there.

Conversation starter – Make the most of your cottage

Do some of your clients own cottages? Ask your client, “How often do you get up to the cottage?

  • December 2, 2013 December 2, 2013
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