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A Little Knowledge Can Make Life Less Taxing

It doesn’t take long after receiving your first paycheck to realize that all of your money is not your own. The Canadian government is an active partner in your earnings, and the more money you make, the larger it takes.   A better understanding of taxes and how they apply

Read More...

Proposed Tax Overhaul for Private Corporations

Standard financial and tax planning advice for the past several decades for business owners has included the use of incorporation to both insulate Canadians from business risk and liability and for asset building and income cash flow planning.   The validity of this tax policy is now under attack, as

Read More...

Build Your Wealth Together

The wedding and honeymoon are over and you’re settling in to your new life. You’ve accomplished many goals together over the past year with compromises being made over wedding plans, honeymoon destination, and a million and one other details. As you settle in for a long and fruitful life together,

Read More...

Year End Tax Tips

With a few weeks to go before the year-end, you may wish to think about some moves you can take now to save you some taxes for 2016.   Along with the usual advice to do any tax loss selling before December 23rd on any equity investments to offset any

Read More...

Federal Budget Impacts Investment Taxation

The recent Federal Budget included measures to close a favorable tax rule for investors in investment accounts or through corporations, trusts and holding companies, who have proposed rules to curb the tax advantages of “corporate class” mutual fund shares.   Corporate class funds are organized as “switch funds” that offer

Read More...

The Big Squeeze!

“Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.” – Frederic Bastiat   By the time that you read this article, it is very likely that the Federal elections will soon be over. When all the back slapping,

Read More...

Life Insurance Tax Rules Changing

Starting in January 2017, the allowable cash value build up under tax rules in life insurance policies will change. The federal government introduced changes in December 2014 that are designed to modernize life insurance exempt testing rules as they have discovered that people are living longer and that their insurance

Read More...

Tax Avoidance Strategy: Pension-Splitting

One out of every three workers is covered by a registered pension plan (RPP). That’s over 6 million people. Like all hard-working Canadians, they are looking forward to a satisfying retirement. Nothing helps create a pleasant experience in your golden years like a steady stream of income every month.  

Read More...

How to Benefit from Being Charitable

Charities play a vital role in our society. The Canadian government recognizes this role and tax breaks exist to encourage taxpayers to give to their favorite charities.   Roger makes occasional donations to various charities. His donations are rather small and amount to only a few hundred dollars per year.

Read More...

Home Ownership Can Be Less Taxing Than You Think

Front lawns across Canada are sprouting For Sale signs. That this annual phenomena occurs at about the same time as the tax refund season may be purely coincidental. Understanding the financial incentives for home ownership available in the Income Tax Act may save you thousands when buying a home.  

Read More...

A Little Knowledge Can Make Life Less Taxing

It doesn’t take long after receiving your first paycheck to realize that all of your money is not your own. The Canadian government is an active partner in your earnings, and the more money you make, the larger it takes.   A better understanding of taxes and how they apply

Read More...

Proposed Tax Overhaul for Private Corporations

Standard financial and tax planning advice for the past several decades for business owners has included the use of incorporation to both insulate Canadians from business risk and liability and for asset building and income cash flow planning.   The validity of this tax policy is now under attack, as

Read More...

Build Your Wealth Together

The wedding and honeymoon are over and you’re settling in to your new life. You’ve accomplished many goals together over the past year with compromises being made over wedding plans, honeymoon destination, and a million and one other details. As you settle in for a long and fruitful life together,

Read More...

Year End Tax Tips

With a few weeks to go before the year-end, you may wish to think about some moves you can take now to save you some taxes for 2016.   Along with the usual advice to do any tax loss selling before December 23rd on any equity investments to offset any

Read More...

Federal Budget Impacts Investment Taxation

The recent Federal Budget included measures to close a favorable tax rule for investors in investment accounts or through corporations, trusts and holding companies, who have proposed rules to curb the tax advantages of “corporate class” mutual fund shares.   Corporate class funds are organized as “switch funds” that offer

Read More...

The Big Squeeze!

“Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.” – Frederic Bastiat   By the time that you read this article, it is very likely that the Federal elections will soon be over. When all the back slapping,

Read More...

Life Insurance Tax Rules Changing

Starting in January 2017, the allowable cash value build up under tax rules in life insurance policies will change. The federal government introduced changes in December 2014 that are designed to modernize life insurance exempt testing rules as they have discovered that people are living longer and that their insurance

Read More...

Tax Avoidance Strategy: Pension-Splitting

One out of every three workers is covered by a registered pension plan (RPP). That’s over 6 million people. Like all hard-working Canadians, they are looking forward to a satisfying retirement. Nothing helps create a pleasant experience in your golden years like a steady stream of income every month.  

Read More...

How to Benefit from Being Charitable

Charities play a vital role in our society. The Canadian government recognizes this role and tax breaks exist to encourage taxpayers to give to their favorite charities.   Roger makes occasional donations to various charities. His donations are rather small and amount to only a few hundred dollars per year.

Read More...

Home Ownership Can Be Less Taxing Than You Think

Front lawns across Canada are sprouting For Sale signs. That this annual phenomena occurs at about the same time as the tax refund season may be purely coincidental. Understanding the financial incentives for home ownership available in the Income Tax Act may save you thousands when buying a home.  

Read More...