The proposed replacement for the universal child-care benefit is aimed at putting more money into the pockets of lower-income families.
Families adversely affected by existing rules will be automatically re-assessed
There are several income-splitting strategies that can save your clients significantly more money than the new family tax cut
Now is the time to help your clients set up a prescribed rate loan because the rate of 1% is the lowest it will ever be — and it is fixed until March 31
Tories’ pre-election promises for families take a toll on country’s books
You need to help your clients understand their true savings for 2015
With the family tax cut, couples may have the extra funds they need to make investments in their children's future
Ottawa announes income splitting and an increased universal child care benefit
Job creation will continue to be a top priority
In part three of a three-part series, Jamie Golombek, managing director of tax and estate planning with Canadian Imperial Bank of Commerce’s wealth advisory services division in Toronto, counsels advisors to use income-splitting for tax savings now, since the prescribed rate as dropped back down to 1% as of January. He explains how to implement income-splitting strategies.