Mackenzie Financial Corporation plans to alter three of its fixed income corporate class funds.
CRA’s been cracking down on Canadians hiding assets offshore, and its efforts are paying off. Over the past year, thousands have used the Voluntary Disclosure Program to fess up, reports Bloomberg. Clients of UBS make up a significant portion of this group.
Are fees for advisors helping clients with segregated funds tax deductible?
CRA has 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 will be in effect from October 1, 2014 to December 31, 2014.
Clients could face severe tax penalties if they’re not careful
Despite proposed tax-rate changes, they’re still effective
Ensure clients proceed with caution
Your client may qualify for exceptions to IRS rules
Let’s consider three examples to see which is better
Uncounted in the monthly job numbers, unpaid, and tucked behind closed doors in neighbourhoods across the country, are 8.1 million informal caregivers.