If your client is named executor of a will, one of his or her responsibilities will be to obtain a clearance certificate from the CRA. Otherwise, your client could be on the hook for the deceased's unpaid income taxes
As complaints and snafus increase, privacy watchdogs are ramping up efforts to protect information. Find out what's new
Jeanette Brox is serious about helping her clients reach their financial goals, with an emphasis on female clients and family issues. But on evenings and weekends, Brox's standup comedienne alter ego has them rolling in the aisles
If you are new to the business, your toughest challenge will be cultivating prospects and converting them to clients. The good news is that there are many potential clients out there looking for financial advice
The strategy, which is applicable only in Ontario, uses a primary will that must go through the court system, where estate administration taxes will be applied, and a secondary will that does not have to go through the courts
The strategy became more difficult in 1999, when the federal government brought in the “kiddie tax” rule, which, along with other attribution rules, made the strategy less appealing. There are ways, however, to split income with a minor
Filing an income tax return on time is especially worthwhile for elderly clients, even if they don't have much income. Filing will give seniors access to some helpful tax credits and grants that can reduce their taxes and get them some extra money
McCaughey's proposal based on simplicity, predictable payout
Sending out a regular newsletter to your clients can provide them with important news, as well as a reminder that you're available to help in case they happen to need anything
Improved performance by both global equities and real estate increased returns for Canadian defined-benefit (DB) pension plans in 2012. And although experts are reluctant to make predictions for 2013, they do note some trends that may start to make a positive dent in the solvency ratios of some DB plans. Royal Bank of Canada (RBC) […]