As managing director of tax and estate planning with CIBC Financial Planning & Advice in Toronto, Jamie Golombek is quoted frequently in the national media as an expert on taxation.
As managing director of tax and estate planning with CIBC Financial Planning & Advice in Toronto, Jamie Golombek is quoted frequently in the national media as an expert on taxation.
There are several factors that must be taken into account when determining whether a taxpayer’s gains from securities constitute carrying on a business
Although clients can take the CRA to the Tax Court of Canada, they need to be aware of the public exposure that may come their way
Advisors can often play an important role in helping to provide clients under audit with any missing information about their investment tax reporting
Getting a tax refund is a sign of poor tax planning, so help clients reduce the taxes their employers withhold for the rest of 2017
The feds didn’t tackle many expected tax issues, but made it clear they’re reviewing some tax planning strategies involving the use of private corporations
Although the Liberals have not discussed increasing the capital gains inclusion rate, such a measure shouldn’t be ruled out
A reduction in the highest U.S. income tax bracket could encourage high earners to move stateside while a repeal of the estate tax means complex planning may not be needed
Here are 10 strategies to help clients minimize their tax burden and maximize their financial positions
If your clients are sitting on some significant accrued capital gains, you could remind them about donating appreciated securities “in-kind” to the charity of their choice
Given the proliferation of “boutique” tax credits, it’s clear that all of us could benefit from a simpler tax system
Canadian RI mutual funds are asking corporations to step up on climate change, gender diversity, indigenous rights, opioid accountability and other sustainability issues this proxy…
Cybersecurity has emerged as a major governance risk for companies and shareholders
We need to allocate capital to sustainability leaders across many sectors and invest in companies supporting the transition to a low-carbon economy
Determining whether marijuana is a responsible investment depends on several fundamental factors that should be discussed with an investment professional versed in ESG analysis
A co-ordinated approach that doesn’t duplicate existing regulatory oversight will address an important regulatory gap in investor protection
Recent research reveals there are more informed investors who ask questions and are more engaged in their investment decisions
Advisors need to educate themselves about the laws and regulations and monitor themselves to ensure they’re compliant with these rules
Given the results of the 2018 Regulators’ Report Card, implementing a better approach may lead to a better outcome next year
Here are four steps to reduce the inherent risks when taking over another advisor’s business
Lawyers may cost money, but they can help you be prepared to protect your licence, livelihood and reputation when speaking with regulators
Clients need to be aware of how the CRA’s treatment of income infrom foreign securities affects their investments
It’s important to be aware that the new rule limiting access to the small business deduction for CCPCs in 2019 is based on 2018 income
Budget 2018 revealed the government’s new approach to passive income in a CCPC; let’s crunch some numbers
Although clients may be upset at having to pay taxes on their RRSP and RRIF withdrawals, RRSPs are the optimal, long-term savings vehicle for most…
The emerging trend of “open banking” has the potential to be the most important catalyst for change in our industry
Despite growing fear of the growing use of AI, evidence suggests it will serve as an aid to human interactions rather than replace these relationships
Financial planners and financial advisors need to understand the market trends affecting financial planning and the evolution of advice
Financial planners and financial advisors who embrace a cultural diversity strategy will realize growth in their practices
Financial planners and financial advisors need to understand the behavioural finance categories that their clients fit into
Financial planners and advisors need to factor in volatile government policy, such as changes to tax policy, when helping clients plan for retirement
Recent developments reveal that having a trusted financial advisor is critically important for those seeking wealth-management providers
Electronic wealth-management platforms could improve the prospects of small and mid-sized investment dealers
More attention needs to be paid to enhancing market efficiency by lowering costs and lightening the regulatory burden for registrants
As a new survey reveals that investors have trust their advisors, proper steps need to be taken to ensure advisors are allowed to thrive
Canada has a key role to play in developing research that helps financial planners serve clients’ increasingly complex needs
Financial planners and advisors have the skills to provide real discipline to help clients stay true to their principles in times when panic sets in
The global Financial Planning Standards Board is focused on helping financial planners adapt to changing market dynamics and technology
Financial planners must be able to communicate in a manner that clients can understand, absorb and convert advice into appropriate action
The insurance industry is taking a page from the mutual fund industry, leveraging technology to address mounting disclosure regulations
AI is slowly making its way into the wealth-management industry and will ultimately transform financial advisors’ role
Blockchain technology may transform financial services just as peer-to-peer file-sharing technology changed the music industry almost 20 years ago
Far from replacing interaction with real people, technology strengthens the financial advisor’s client service
Read and follow your firm’s guidelines on social media use and take the necessary steps to protect yourself
Although it’s costly to upgrade key IT systems, the costs of not doing so could be much greater
Hacktivism, ideological insiders and intelligence gathering are key sources of cyberattacks threating financial services firms
Now is the time to adopt a concerted cloud migration strategy because the security challenges associated with this technology will be on our radar screens…
Advisors and their clients stand to benefit when corporate leaders focus on building socially and environmentally responsible enterprises
A growing base of investors are looking for investments that contribute measurably to environmental and social sustainability
Corporate boards and executive teams that lack gender and cultural diversity risk missing out on opportunities to generate long-term value
You can play an active role in ensuring company executives and directors are working in the best interests of their shareholders
Those still timorous and uncertain about introducing a best interest duty have a duty, themselves, to become decisive
Every company can calculate non-GAAP metrics however they want, so there’s real risk of investors and markets being misled
Overcautious courts are erecting barriers to securities class actions, even though these lawsuits are essential for maintaining the integrity and fairness of our capital markets
Data show that investors routinely receive, or are at risk of receiving, seriously bad disclosure from reporting issuers more than a quarter of the time
Two key issues — the best-interests standard and reform of mutual fund fees — require timely and effective action
FAIR Canada supports exemptions that have the key features of rights offerings or private placements in compliance with the TSXV’s private placement rules
Current regulations assume that an investor’s wealth is a proxy for sophistication. This has to change
Paying fees for financial advice separately from those of financial products would result in price competition and better advice