Financial Planning

Special Report on Taxes 2017

In this special feature: evolving changes for private corporations; large TFSAs under review; yearend tax tips; receipt management software and much more from the Mid-October 2017 issue of Investment Executive.

In this Special Feature

  • Key yearend tax planning tips

    Jamie Golombek, managing director of tax and estate planning with CIBC Financial Planning & Advice, helps advisors get ready for yearend tax planning.

    Financial Planning
  • Evolving corporate tax proposals make RRSPs a smart choice for business owners

    Jamie Golombek, managing director of tax and estate planning with CIBC Financial Planning & Advice, explains that the federal government’s evolving proposals to change corporate tax structures highlight RRSPs and TFSAs as smart strategies for business owners.

    Financial Planning
  • Clamping down on income splitting

    The Liberals' recent proposed tax changes for private corporations are part of a larger effort by the feds to eliminate opportunities for wealthier Canadians to split income and reduce taxes. The question is, does that make for good tax policy?

    Building Your Business
  • Tax changes could affect insurance

    The CRA's proposed amendments to the way corporations are taxed could have an impact on insurance sales and the use of insurance in corporate planning strategies

    Building Your Business
  • CRA may tighten key program

    Taxpayers who come clean about taxes they have evaded can have penalties reduced under the voluntary disclosure program. The government wants to make the program less generous

    Building Your Business
  • Audits on large TFSAs ramped up

    Canada's tax agency is taking a closer look at accounts with significant balances - and is considering other factors - to determine whether accountholders should be deemed to be carrying on a business

    Building Your Business
  • Improvements looming at CRA

    After Canada's auditor general calls for a more efficient process for tax objections, and following the CRA's survey of accountants and businesses, the agency insists it will get better

    Building Your Business
  • Beware of pitfalls when selling homes

    New rules for the principal residence capital gains exemption mean that keeping precise records of residence sales in a range of situations is critical for clients, especially if they move often or own or rent multiple residences

    Building Your Business
  • Taking control of paperwork

    The law requires that your clients store tax receipts and other documents for several years. A variety of digital options are available to make scanning, storing and retrieving receipts easy

    Building Your Business
  • Gearing up for yearend

    There are several measures you and your clients need to consider as the taxation year draws to a close, including taking advantage of certain measures that may no longer be available next year - as well as some that are tried and true

    Building Your Business
  • U.S. tax reforms and your clients

    Proposed tax changes in the U.S. - such as eliminating estate taxes and lower corporate taxes - could affect some of your wealthy clients, especially U.S. citizens and those who own property in the U.S.

    Building Your Business