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Help clients avoid TFSA overcontributions

Your clients may want to check their junk mail folder for correspondence from the CRA

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Relief for the repayment of Covid benefits

The federal budget has rectified a potentially harsh tax treatment of benefit recipients

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Worried about a possible increase to the capital gains inclusion rate?

Options for your clients to consider if they’re concerned about the inclusion rate increasing

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Why clients should contribute to RRSPs before the deadline

Some clients may be reluctant to maximize their RRSPs for fear of missing out on other tax advantages

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How should clients claim home office expenses this tax season?

Help your clients choose between the detailed method and a temporary flat-rate method 

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Help clients plan for tax-efficient charitable giving

Three topics to discuss with your clients before the end of the year

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Which home-office expenses can be reimbursed tax-free?

The CRA has provided more details on the types of home-office expenditures employees can be reimbursed for without incurring a taxable benefit

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Understanding new Covid benefits can be a taxing process

Your clients may need to set aside funds to cover a potential tax bill in April

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Help your clients plan for instalment payments

Clients can minimize payments by choosing the calculation method that best suits them

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After the CERB…

Breaking down eligibility requirements for three new government benefits

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Tax compliance for clients with U.S. property

The CRA has taken an interest in U.S. real estate transactions

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Prescribed rate loan planning

Help your clients with their income splitting strategies

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Help your clients plan for tax owing on CERB payments

Payments must be reported as income for the 2020 tax year

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Is it time for temporary, tax-free RRSP withdrawals?

Many retirees are ineligible for the government assistance being offered during Covid-19

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Help your clients navigate new RRIF rules

The federal government has lowered the minimum RRIF withdrawal rate for 2020

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Looking ahead to the federal budget

The C.D. Howe Institute’s “shadow budget” makes a number of recommendations for the feds to consider

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RRSP season or TFSA season?

Some clients may be better off contributing to a TFSA, but their contribution room will depend on when they turned 18

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TFSAs for 2020…and beyond

A report suggests the feds could make TFSAs even more useful

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Year-end charitable strategies for your clients to consider

Help your clients navigate charitable donations, tax-gain donating and donor-advised funds

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Potential tax changes in light of a Liberal minority

Help clients understand how previously announced tax changes could come to light

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Foreign pension income is usually taxable

Help clients understand — and budget for — taxes on their foreign pensions

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Advisors can help clients avoid TFSA overcontributions

Investors who may have overcontributed to their TFSAs face harsh penalty tax

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‘Loss of source’ rule may come in handy

Investors who borrowed money to purchase a now-defunct investment can still write off interest on the loan

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New stock options rules introduced

What advisors need to know before the rules take effect in January

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Appeal Court upholds RRSP overcontribution penalties

Recent FCA case confirms lower court decision denying relief of overcontribution tax, penalties and interest