With the advent of pension income splitting in 2007, many think spousal RRSPs aren’t necessary
Advisor.ca is proud to congratulate Yves Bonneau, Editor in Chief of our Quebec affiliate Conseiller.ca, on winning the Kenneth R. Wilson (KRW) Award for Best Editorial in 2010. The KRW Awards recognize the best in Canadian business press journalism. Here is his Silver Award winning editorial: In 1999, Claude Laferrière, professor of tax policy at […]
More and more, the Canada Revenue Agency is taking a keen interest in how companies, both small and large, structure their tax planning. And it is asking increasingly intrusive questions—not quite audits, but compelling questionnaires. All of this is the name of the GAAR: the General Anti-Avoidance Rule promulgated some 20 years ago. Still, while […]
The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly in accordance with applicable legislation and will be in effect from July 1, 2011 to September 30, […]
A well-diversified portfolio should include bonds as well as stocks. From an investment perspective, bonds have several desirable characteristics.
Frequently incorporated in estate plans for affluent clients, an estate bond is a taxefficient strategy that creates a large and immediate estate value.
Monday June 6 will see the newly minted Conservative government table the federal budget for the second time this year, but it also marks another milestone: Tax Freedom Day. Every year the Fraser Institute calculates the day when the average Canadian will have paid off their tax burden for the year, with earnings from the […]
Joint tenancy has always been a complex estate planning tool
One of the most popular methods of legal income splitting in the 1990s was to have a business owner issue shares directly or indirectly (via a family trust) to his or her minor children
Back when I ran my estate law practice, clients often asked me, "Who do you think should be my executor?" My response was never to name names, but rather to suggest principles that might guide the decision process.