Savings and Investments

EXPECTED CHANGES TO TAXATION OF STOCK OPTIONS

  During the Federal election campaign, the Liberals announced that the deduction allowed for stock options would be limited to $100,000 annually, because stock options are not normally available to the middle class and are mostly used as a tax incentive for wealthy Canadians. Currently, if ...

Comments Off on EXPECTED CHANGES TO TAXATION OF STOCK OPTIONS   |   Posted in Latest News,Stocks,Tax Planning February 27, 2016

Strategies for Profiting from Rising Interest Rates

This article was published in the October 2013 issue of the Canadian Business Journal and has been posted with their permission Interest rates in the U.S. and Canada seem to have reached a bottom and the end of the 33-year-old bond bull market seems to be looming. When ...

Tax Tip: Prescribed Rate Loans

The following tax tip was published by Cadesky and Associates LLP on www.cadesky.com and has been posted with permission. Tax Tip: Prescribed Rate Loans Prescribed rates are calculated every calendar quarter with the next update effective October 1, 2013.  The prescribed rate is calculated ...

Comments Off on Tax Tip: Prescribed Rate Loans   |   Posted in Credit and Debt Management,Estate Planning,Investments,Latest News,Retirement Planning,Savings and Investments,Tax Planning August 22, 2013

Trusts & Small Business Corporations

 Trusts & Small Business Corporations – Flexibility in Family Wealth Management This article was originally published by Doug Carroll, Vice President of Tax & Estate Planning with Invesco Canada Ltd.  Authorization to repost this article has been granted.  The link to view the original article:  http://tinyurl.com/n85qy27 The trust ...

First-Time Donors Super Credit

The 2013 federal budget, proposed a temporary one-time credit for first-time donors on up to $1,000 of monetary donations, in an attempt to encourage charitable giving by new donors. If a donor, or his/her spouse or common-law partner did not claim a charitable donation tax ...

Use Multiple Wills To Lower Probate Taxes

Having a will is a prudent measure for anyone, but for Ontario business owners, having more than one will can be even more prudent and beneficial in reducing probate fees, now called “estate administration taxes” (EAT) in Ontario. Probate fees in Ontario are among the ...

Comments Off on Use Multiple Wills To Lower Probate Taxes   |   Posted in Charitable Giving,Estate Planning,Investments,Latest News,Retirement Planning,Savings and Investments,Tax Planning July 24, 2013

Charitable Donation Tax Credit

Donations made to charities in Canada are eligible for a charitable donation tax credit. The first $200 of your donations is eligible for a tax credit equivalent to 15% of the donation amount. Depending on your province of residence you can also claim a provincial ...

The 2013 Federal Budget

This article was published in the June 2013 issue of the Canadian Business Journal and has been posted with their permission The main goals of the 2013 Federal Budget consisted of creating jobs, simplifying taxes and closing perceived tax loopholes. THE FOLLOWING ELEMENTS in the budget have ...

The Future of Canada’s Real Estate Market

With house prices making new highs in the Toronto market and signs of slow down in the Vancouver market, interest rates at an all time low and warnings from the Bank of Canada about an overheated housing market, the future direction of the real estate ...

Building Retirement Money for Business Owners

By Evelyn Juan January 15, 2013 For many business owners, the annual March 1 deadline for contributing toward Registered Retirement Savings Plans brings a dilemma: Contribute to the plan or keep the money in the business? Tax consultants and financial planners say the options for setting aside ...

Comments Off on Building Retirement Money for Business Owners   |   Posted in Estate Planning,Latest News,Retirement Planning,Savings and Investments,Tax Planning May 17, 2013