Financial Planning for Business Owners
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
Less Favorable Rules for Donation of Publicly Listed Flow-Through Shares
Before the 2011 budget, when flow-through shares were donated to a charitable organization, the donor could receive generous tax credits and deductions that would result in little after-tax cost. This was due to the fact that the donor could take advantage of the deduction for ...
0 Comment | Posted in Charitable Giving,Estate Planning,Financial Planning for Business Owners,Investments,Retirement Planning,Tax Planning
July 31, 2011
Changes in Individual Pension Plans (IPPs)
The 2011 budget proposed that starting in 2012, the IPP will be required to pay out an amount equal tothe greater of the regular pension amount payable, and the minimum payment that would have beenrequired if the IPP were a RRIF once a plan member ...
0 Comment | Posted in Financial Planning for Business Owners,Retirement Planning,Tax Planning
July 08, 2011
