In 2014, 42.1% of income went to taxes while 36.6% went to basic necessities
Federally, the top tax kicks in once taxable income is above $138,586, but provincially, the threshold is all over the map
Jamie Golombek, managing director of tax and estate planning with CIBC’s wealth advisory services division, discusses key tax issues and upcoming tax changes that may impact your clients. He spoke at the CIFPs 2015 annual conference in Vancouver.
Millennials say they are least confident in their understanding of how specific types of investment income are taxed
With April come many glorious events: springtime, the return of baseball and tax-filing season. Here are some tax issues you should keep in mind as you anticipate questions from your clients about their 2014 returns: – Family tax cut. Introduced in late October and effective for the 2014 taxation year, the family tax cut (FTC) […]
Going over your client's T1 general income tax return can provide a wealth of information about his or her financial life. You may spot some red flags and planning opportunities that otherwise might have gone unnoticed
The situation facing these clients is more complex as they have certain filing requirements in the U.S. in addition to their U.S. and Canadian tax returns
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
Advisors should make sure their clients are up to date regarding tax changes
When clients donate public securities in kind, rather than giving cash, they can effectively double up on tax benefits