15 tax breaks available to Canadians.
On the personal taxation front, 2013’s budget contains little good news, says Jamie Golombek, managing director of tax and estate planning for CIBC Wealth Management.
If you’re investing primarily for the tax benefits, stop.
Budget 2013 provides some tax relief for small business owners, most notably a $1,000 Employment Insurance (EI) hiring credit.
Tax implications of pension plan are still relevant for the rich.
These tips can help clients maximize their returns
More than half of Canadians (52%) don’t have a tax-free savings account (TFSA), reports ING DIRECT.
Editor’s note: This article is from 2013. For 2017 information, read our article, “Salary or dividends: Which is better for business owners?” There are nearly 2.5 million businesses in Canada, according to Industry Canada. A large portion of them are small and medium enterprises (SMEs) operated as corporations with one or a few shareholders. These […]
Many of your clients probably have kids in post-secondary education. More often than not, those students have little or no income. All the more reason to file a tax return.
Your client wants to give to charity. But before he makes a donation, warn him about gifting tax shelter schemes. If it seems too good to be true, it probably is, says the Canada Revenue Agency (CRA). For example, if a tax shelter promoter offers a tax receipt for a larger amount than the donation […]