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Special Report on Taxes

In this special feature: Reporting rules for foreign property; helping your clients manage capital gains and losses; getting more from RESPs; claiming medical expenses; and much more from the Mid-October 2014 issue of Investment Executive.

October 14, 2014

Foreign property

T1135 is more than just a form. The new rules for reporting more details about foreign property are inconvenient, but must be taken seriously

  • October 14, 2014 November 6, 2019
  • 23:00

Taking advantage of RESPs

A registered education savings plan is a great way to save for a child's post-secondary education. However, you should take advantage of the Canada education savings grant in order to get the full benefit of an extra $7,200 in savings

  • October 14, 2014 November 6, 2019
  • 23:00

Taxpayers feel the taxman’s wrath

Three taxpayers recently found out that, whether or not they made mistakes on a technical rule, tried to game the system or got caught up in a bogus scheme, they can't get out of paying the Canada Revenue Agency its due

  • October 14, 2014 November 6, 2019
  • 23:00

Stay on top of changing U.S. rules

Now that the IRS has new powers to track taxpayers who live outside their country, it is especially important to track changes in the U.S. tax code that relate to these taxpayers. This can include both more tax relief and additional burdens

  • October 14, 2014 November 6, 2019
  • 23:00

Rethinking testamentary trusts

The federal government is curbing the use of testamentary trusts as tax-saving vehicles for affluent families. However, there still are many uses for these trusts. At the same time, inter vivos trusts are gaining in popularity as an alternative

  • October 14, 2014 November 6, 2019
  • 23:00

Tax credits for kids

There are various federal tax credits and deductions available for clients who are raising families

  • October 14, 2014 November 6, 2019
  • 23:00

CRA clarifies rules on settlements

The tax treatment of a settlement involving investment losses depends on whether the payment replaces ordinary income, covers personal injury or is considered a windfall

  • October 14, 2014 July 17, 2020
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Provinces hold back on tax increases

Although half of the provinces in Canada made no changes to their taxation regimes, the other half took a different approach by either increasing or reducing taxes in some notable areas

  • October 14, 2014 November 6, 2019
  • 23:00

The global hunt for taxes

After the U.S. started an aggressive campaign to corner its offshore tax cheats, many other nations followed suit. Now, there are fewer and fewer safe places for tax evaders to hide

  • October 14, 2014 November 6, 2019
  • 23:00

Check medical expenses closely

The list of costs your clients can claim can change from year to year - and vary among provinces. Clients who test the limits with extravagant claims for expenses such as travel and accommodation can expect a challenge from the CRA

  • October 14, 2014 November 6, 2019
  • 23:00