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Special Report on Taxes 2016

In this special feature: The CRA eyes the principal residence exemption; changes in the insurance “exempt test”; bad news for offshore tax cheats; cross-border tax planning and much, much more from the Mid-October 2016 issue of Investment Executive.

October 12, 2016

Real estate flips and the CRA

Skyrocketing home prices in Vancouver and Toronto are attracting the attention of the CRA, which is boosting its surveillance of the higher-value transactions to look for unpaid taxes. Keep your clients informed of the rules

  • October 12, 2016 October 12, 2016
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Insurance exemption deadline looms

While tax exemptions that apply to some permanent life insurance policies will be tightened up next year, advisors insist insurance will remain a valuable tax-planning tool: "It's just going to be a new reality"

  • October 12, 2016 October 12, 2016
  • 23:00

Staying ahead of the changes

As the end of the tax year approaches, advisors can help their clients by alerting them to potential savings in their taxes owed. These strategies range from strategic withdrawals and contributions to making the best use of tax credits

  • October 12, 2016 October 12, 2016
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Tax filing online has its risks

The CRA is marching Canadians toward filing their taxes online for convenience and efficiency. But with that convenience comes vulnerability. How can your clients protect their privacy?

  • October 12, 2016 January 22, 2018
  • 23:00

It’s getting harder to hide

The pursuit of tax evaders and avoiders is ramping up around the world. Canada has several new measures and programs to track offshore accounts, including new reports required from Canadian financial institutions

  • October 12, 2016 October 12, 2016
  • 23:00

Tax pain in the East

Three of the Atlantic provinces, hobbled by debt and population losses, resorted to tax hikes in their latest budgets

  • October 12, 2016 October 12, 2016
  • 23:00

Managing TFSAs upon death

Clients can designate three main types of beneficiaries for their TFSAs: a successor holder a named beneficiary or an estate. Each type is subject to different taxation and transfer rules

  • October 12, 2016 October 12, 2016
  • 23:00

Two takes on estate taxes

Hillary Clinton and Donald Trump have completely divergent proposals on how to deal with U.S. estate taxes. Here's what to keep in mind for your clients who reside in the U.S. or who own property in the U.S.

  • October 12, 2016 October 12, 2016
  • 23:00

PFICs: Tax traps for American clients

The Internal Revenue Service now extends its reach to Canadian mutual funds held by American citizens who live in Canada. Know the rules so you can protect these clients from unnecessary taxes on their Canadian fund holdings

  • October 12, 2016 October 12, 2016
  • 23:00

The consequences of late filing

The 2016 tax-filing deadline may seem far off, but filing an annual income tax return is a task your clients should be mulling over during the entire year to ensure they file on time and don’t fall into the ranks of “chronically late filers.” “People should think about income taxes and their implications throughout the […]

  • October 12, 2016 October 12, 2016
  • 23:00