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
- By: Jamie Golombek
- February 12, 2020 February 13, 2020
- 15:22
Latest news in Jamie Golombek
TFSAs for 2020…and beyond
A report suggests the feds could make TFSAs even more useful
- By: Jamie Golombek
- January 16, 2020 January 22, 2020
- 14:37
Year-end charitable strategies for your clients to consider
Help your clients navigate charitable donations, tax-gain donating and donor-advised funds
- By: Jamie Golombek
- November 22, 2019 November 22, 2019
- 16:21
Potential tax changes in light of a Liberal minority
Help clients understand how previously announced tax changes could come to light
- By: Jamie Golombek
- October 25, 2019 November 10, 2019
- 15:46
Foreign pension income is usually taxable
Help clients understand — and budget for — taxes on their foreign pensions
- By: Jamie Golombek
- September 27, 2019 November 10, 2019
- 13:35
Advisors can help clients avoid TFSA overcontributions
Investors who may have overcontributed to their TFSAs face harsh penalty tax
- By: Jamie Golombek
- August 30, 2019 November 10, 2019
- 15:57
‘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
- By: Jamie Golombek
- August 2, 2019 November 10, 2019
- 16:48
Appeal Court upholds RRSP overcontribution penalties
Recent FCA case confirms lower court decision denying relief of overcontribution tax, penalties and interest
- By: Jamie Golombek
- June 7, 2019 November 10, 2019
- 14:34
A cautionary tale on interest deductibility
A recent FCA case confirms a lower court’s decision restricting interest deductibility when ROC is involved
- By: Jamie Golombek
- May 10, 2019 November 10, 2019
- 16:00
Canadians love their tax refunds
Advisors can play a huge role in helping clients understand how taxes affect their investments
- By: Jamie Golombek
- April 12, 2019 November 10, 2019
- 12:17
Jamie’s top RRSP tips for clients
As the annual contribution deadline approaches, here are three ways to help your clients get the most from their RRSPs
- By: Jamie Golombek
- February 19, 2019 November 10, 2019
- 06:00
Start 2019 off on the right tax foot
Your employee and retiree clients could take advantage of these astute tax-planning strategies for the current taxation year
- By: Jamie Golombek
- January 21, 2019 November 10, 2019
- 06:00
Taking advantage of TFSAs
With the annual dollar limit increasing in January, there’s no reason why your clients shouldn’t take advantage of this tax-free savings and investment vehicle
- By: Jamie Golombek
- December 17, 2018 November 10, 2019
- 06:00
Top yearend tax tips
Make sure to discuss tax-loss selling, tax-gain donating and RRSP strategies with clients to whom these strategies apply
- By: Jamie Golombek
- November 19, 2018 November 10, 2019
- 06:00
TFSA advantage can lead to a tax of 100%
Next time a client has a desire to play games with his TFSA, point out this harsh — but legally valid — punitive tax
- By: Jamie Golombek
- October 22, 2018 November 10, 2019
- 06:00
Helping clients manage their tax instalments
The instalment system can be complicated, so clients need help figuring out which one of the three methods to pay their taxes makes the most…
- By: Jamie Golombek
- September 24, 2018 November 10, 2019
- 06:00
Beware the rules for foreign tuition tax credits
The case of a Canadian student studying in the U.S. brings to light what happens when CRA officials follow a strict and literal interpretation of…
- By: Jamie Golombek
- August 27, 2018 November 10, 2019
- 06:00
A summer RRSP project for advisors
Now is a great time to review your clients’ files to see if you have the most up-to-date information on their available RRSP contribution room
- By: Jamie Golombek
- July 30, 2018 November 10, 2019
- 05:00
CRA call centres getting better, but still a ways to go
The federal tax agency is making the transition to a new telephone system that will connect callers with agents more efficiently
- By: Jamie Golombek
- July 2, 2018 November 10, 2019
- 18:00
IRA to RRSP transfers can be done — but be careful
The most important consideration in this process is whether a client can use his or her foreign tax credits against other income in the year…
- By: Jamie Golombek
- June 4, 2018 November 10, 2019
- 06:30
Foreign income tax tips and traps
Clients need to be aware of how the CRA’s treatment of income infrom foreign securities affects their investments
- By: Jamie Golombek
- May 7, 2018 November 10, 2019
- 06:00
Act now to avoid losing out on the small business deduction in 2019
It’s important to be aware that the new rule limiting access to the small business deduction for CCPCs in 2019 is based on 2018 income
- By: Jamie Golombek
- April 9, 2018 November 10, 2019
- 06:00
Making sense of the new passive income rules
Budget 2018 revealed the government’s new approach to passive income in a CCPC; let’s crunch some numbers
- By: Jamie Golombek
- March 11, 2018 November 10, 2019
- 10:33
RRSPs remain the best choice for most clients
Although clients may be upset at having to pay taxes on their RRSP and RRIF withdrawals, RRSPs are the optimal, long-term savings vehicle for most…
- By: Jamie Golombek
- February 9, 2018 November 10, 2019
- 13:59