The federal government has begun clamping down on tax-reduction opportunities for small businesses, including introducing changes to income sprinkling among family members. That makes it all the more important to take full advantage of the tax planning strategies that still exist. Read more…
On February 7, 2017, a bill was presented to Congress proposing that Canadians over age 55 can stay in the U.S. up to eight months each year without having to file U.S. taxes. But until that bill passes, it’s critical to keep track of how many days you’re stateside. Overstay your welcome and you may [...] Read more…
When you sell your home, any increase in its value since purchase is tax-free as long as it was your principal residence. But the tax rules changed recently. Now, you must report the gain on your tax return in order to get the principal residence exemption. Read more…
Building wealth is something you do not just for yourself but for the benefit of future generations. But if you’re not careful, almost half of your estate could be eroded by taxes. Strategic planning is the key to protecting your assets. Read more…
The 2016 federal budget may have eliminated the Family Tax Cut, but there are still a number of ways to transfer income within your family and save on taxes. Take a look at these seven income-splitting strategies. Read more…
The March 22 federal budget included some immediate tax changes, while others are being rolled out through 2016. Find out how some of the key changes may affect you and your investment strategy, and how we can help you plan accordingly. Read more…
You know that you can always come to us for advice on any financial challenge you’re facing. But what if it’s your parents, in-laws, or an adult child who needs assistance? You’ll be pleased to know that we can help them, too. Read more…
Age 65? Don’t miss out on this tax tip that could save you money Read more…
By taking a strategic approach with your donations, you may be able to optimize the benefits to both the charity and yourself. Read more…
The conventional wisdom is to draw from the least-taxed sources first and put off withdrawals from more heavily taxed sources. This seems to make good sense from a tax perspective, but let’s look at what happens down the road. Read more…