Jamie Golombek, managing director of tax and estate planning for Canadian Imperial Bank of Commerce’s wealth advisory services division, discusses upcoming critical issues, deadlines and potential penalties that financial advisors need to discuss with their clients.
Jamie Golombek, managing director of tax and estate planning of the Canadian Imperial Bank of Commerce’s wealth advisory services division in Toronto, discusses the CRA’s announcement of a transitional rule for reporting "specified foreign property" exceeding $100,000. Golombek offers tips on the transitional tax strategy and explains changes to the Foreign Income Verification Statement. He spoke at the TMX Broadcast Centre in Toronto.
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.
Jamie Golombek, managing director, tax and estate planning, CIBC Private Wealth Management, highlights proposals in the 2014 Federal Budget that will have a direct impact on individuals and small businesses. He spoke from the Budget 2014 lockup in Ottawa.
Jamie Golombek, managing director, tax and estate planning, CIBC Private Wealth Management, reports that the Budget 2014 proposes an end to graduated rates for testamentary trusts. He asserts these trusts are still an important vehicle for clients under the proposed new structure. He spoke from the Budget 2014 Lockup in Ottawa.
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.
In part two of a three-part series, Jamie Golombek, managing director, tax & estate planning, CIBC Private Wealth Management, explains how to help clients by implementing charitable tax-gain donating throughout the year, and not waiting until year-end. Watch for part three on February 19.
In part one of a three-part series, Jamie Golombek, managing director, tax & estate planning, CIBC Private Wealth Management, explains how avoiding tax refunds can help your clients. He outlines strategies for deducting expenses at source and putting these funds into investment vehicles right away. Tune in for part two of Golombek: Tax Savings 2014 next week.
Jamie Golombek, managing director of tax and estate planning at CIBC Private Wealth Management, asserts that this year’s federal budget left many strategies still intact that can help clients reduce the taxes they pay. He spoke at the CIFPs 2013 annual conference in Niagara Falls, Ont.
The 2013 federal budget appears to be cracking down on conversion contracts, which convert what would otherwise be considered income into capital gains. Jamie Golombek, managing director of tax and estate planning at CIBC Private Wealth Management, discusses the impact of this crackdown on derivative forward gains and funds using these strategies. Golombek spoke from the Media Lock up government conference centre in Ottawa.