Tax specialists anticipate narrowly targeted changes, as opposed to broad-based tax cuts, in the upcoming federal budget as the Liberals prepare for an election
Other tax changes now in effect include passive income changes for small businesses and new carbon pricing system
Take advantage of income-splitting opportunities
An ETF will give a sector-specific return in place of a stock
Make sure to discuss tax-loss selling, tax-gain donating and RRSP strategies with clients to whom these strategies apply
CIBC report offers strategies for advisors and business owners
There are several tax-planning strategies that you and your clients should consider - from crystallizing capital gains and losses to maximizing charitable donations and TFSAs - as the end of 2018 approaches
Although two CRA officials gave more information on certain rules at this year’s STEP conference, a tax expert expressed frustration with the draft legislation
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 of transfer
Clients need to be aware of how the CRA’s treatment of income infrom foreign securities affects their investments