Phil “The Thrill” Mickelson pulled off two consecutive wins in Scotland over the past two weeks, but Lefty and his countless fans aren’t the only ones celebrating. Forbes.com reports the hall of famer is on the hook with the taxman for a jaw-dropping 61% of his winnings.
As superhero movies take over the box office, clients can do their part to help humanity by using the new First-Time Donor’s Super Credit (FDSC). How the tax code treats donations
Tax-savvy investors place securities that yield the highest-taxed income in TFSAs—for instance interest-bearing securities, like bonds.
Karen is a single, 60-year-old retired executive with several million dollars worth of assets. Her twin daughters, Sarah and Leigh, are both pregnant. She wants to make sure her daughters and future grandchildren are taken care of, but is unsure how to leave money to unborn children.
Good news. Easy money! Bad news. Easy money!
The government has clarified its position on character conversion transactions.
Americans in Canada have six months' reprieve.
A solid financial plan can be destroyed when clients get divorced. This is particularly true when the divorce involves a couple with Canada-U.S. financial, tax and estate-planning considerations. We’ve seen more planning inquiries by people who’ve met their spouses via online dating sites. In many cases, one person will be moving from Canada to the […]
The Internal Revenue Service has made headlines again – for all the wrong reasons.
Have an American client who's considering renouncing his U.S. citizenship?