Financial Planning for Business Owners
Changes to Old Age Security and Guaranteed Income Supplement
As expected based on the prime minister’s speech at the Davos World Economic Forum in January regarding the future sustainability of Canada’s retirement income system, the budget proposes changes to Old Age Security (OAS) and Guaranteed Income Supplement (GIS) benefits that will help adapt the ...
0 Comment | Posted in Financial Planning for Business Owners,Retirement Planning
May 11, 2012
Estate Administration Tax – A New Chapter Begins
By Jordan Caplan, BBA, CA, Partner — Assurance & Advisor Earlier this year, the Ontario government announced major changes to the Estate Administration Tax (also known colloquially as “probate fees”) in its annual budget. These amendments are a direct result of Ontarians implementing numerous planning techniques ...
0 Comment | Posted in Estate Planning,Financial Planning for Business Owners,Life Insurance,Life Insurance,Uncategorized
February 07, 2012
Ontario Tuition Grant
More than 300,000 college and university students in Ontario whose parents' income is less than $160,000 are now eligible to apply for the Ontario Tuition Grant. This is a new program that will provide a 30 per cent tuition rebate to qualified students and aims ...
0 Comment | Posted in Financial Planning for Business Owners,Tax Planning
January 23, 2012
Accelerated Capital Cost Allowance for Manufacturing and Processing Equipment
To further stimulate the manufacturing sector, the 2011 federal budget proposed to extend applicability of the 50% straight-line method (this temporary incentive was in place from March 18, 2007 to the end of 2011) to acquisitions made in 2012 and 2013. With the continued application ...
0 Comment | Posted in Financial Planning for Business Owners,Tax Planning
November 28, 2011
The Importance of Wills as an Estate Planning Tool
By Jag Gandhi, Hon. B.A., M.A., LL.B A Will allows us to express our final wishes and let our loved ones know that we took the time to think about and provide for them after we have gone. Everyone’s situation is unique to their personal circumstances, ...
0 Comment | Posted in Estate Planning,Financial Planning for Business Owners,Life Insurance,Tax Planning
October 02, 2011
