New Canadians represent an important market
The proposed elimination of the immigrant trust exemption has implications for new immigrants to Canada
The elimination of non-resident trusts has generated debate among tax specialists about fairness in Canada's tax system
The feds have eliminated two commonly used tax planning techniques involving trusts
The feds are removing a widely promoted incentive program for wealthy immigrants, which will result in savings of $110 million over the next five fiscal years
Jamie Golombek, managing director, tax and estate planning, CIBC Private Wealth Management, reports that Budget 2014 proposes an immediate end to the 60-month exemption on immigration trusts, without grandfathering. The budget proposal requires that tax be paid immediately on investment income earned in non-resident trusts. He spoke from the Budget 2014 lockup in Ottawa.
Immigrants drive demand for housing and durable consumer goods
The investment industry wants to play a bigger role in dealing with funds generated by immigrant investors
Connecting with various ethnic communities
Lionel Laroche, the owner of Markham, Ont.-based MultiCultural Business Solutions, provides practical tips about connecting with clients in our era of cultural diversity. Laroche explains why advisors should pay attention to differences in risk aversion, English proficiency and soft skills. He spoke at the Financial Planning Vision 20/20 Symposium in Toronto.