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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

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A cautionary tale on interest deductibility

A recent FCA case confirms a lower court’s decision restricting interest deductibility when ROC is involved

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Canadians love their tax refunds

Advisors can play a huge role in helping clients understand how taxes affect their investments

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

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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

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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

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Top yearend tax tips

Make sure to discuss tax-loss selling, tax-gain donating and RRSP strategies with clients to whom these strategies apply

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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

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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…

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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…

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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

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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

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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…

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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

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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

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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

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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…

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Three tax resolutions for 2018

Here are three simple tax strategies you and your clients should keep in mind for minimizing taxes this year

Tips for yearend charitable donations

There are three key tax considerations you and your clients should keep in mind when making decisions on charitable donations for the end of 2017

Capital gains tax needs to be reduced or abolished

There are many benefits to be had for investors and the overall economy as a whole if the capital gains tax is eliminated