Sales of PARNs are down by about 50% since the feds proposed altering the tax treatment of linked notes
Clients who put off receiving CPP and OAS payments can reduce their longevity risk. These clients will need other sources of income to bridge the gap until they begin collecting those benefits
The CRA will require taxpayers who sell their home to report the sale in order to claim the principal residence exemption
The Internal Revenue Service now extends its reach to Canadian mutual funds held by American citizens who live in Canada. Know the rules so you can protect these clients from unnecessary taxes on their Canadian fund holdings
While the Harper government was a strong proponent of tax credits, many experts suggest that these credits cost Canada more than they are worth because of compliance costs and inefficiency
Numerous changes are in the works to make the tax code more coherent while making the pursuit of tax evaders and closing the so-called "tax gap" easier. But these efforts could run afoul of political, economic and fiscal realities
The Montreal-based bank is part of a national trend to reduce branches and offer more advice and digital services
National Bank is intent on increasing its high net-worth business, with a strong focus on clients rather than managing fund products
Other countries have been more aggressive about investor protection
Only linked notes sold in 2017 and beyond will be subject to tax rules proposed in the 2016 federal budget