Tax Planning

USE YOUR TFSA CONTRIBUTION ROOM TO MAXIMIZE TAX FREE GROWTH

    Starting January 1, 2016, the annual TFSA dollar limit decreased from $10,000 to $5,500 and will be subject to indexation. The TFSA contribution limit for 2018 will remain $5,500. This is since the indexation adjustment for personal income tax and benefit amounts is 1.5% for ...

Comments Off on USE YOUR TFSA CONTRIBUTION ROOM TO MAXIMIZE TAX FREE GROWTH   |   Posted in Investments,Latest News,Tax Free Savings Accounts February 02, 2018

AFP FUNRAISING DAY

  It was an honour for me to speak at the AFP Fundraising Day 2017 in Toronto.

Comments Off on AFP FUNRAISING DAY   |   Posted in Charitable Giving,Estate Planning,Investments,Latest News,Tax Planning June 16, 2017

TESTIMONIALS FROM CLIENTS OF TINA TEHRANCHIAN

   

Comments Off on TESTIMONIALS FROM CLIENTS OF TINA TEHRANCHIAN   |   Posted in Financial Planning for Business Owners,Investments,Latest News,Tax Planning June 08, 2017

CONSIDER PRESCRIBED ANNUITIES BEFORE TAX CHANGES IN 2017

  When you buy a life annuity, you receive a guaranteed stream of income for as long as you live and do not have to worry about the fluctuations of the markets and interest rates. Plus, life annuities provide the highest level of guaranteed income available. If ...

Comments Off on CONSIDER PRESCRIBED ANNUITIES BEFORE TAX CHANGES IN 2017   |   Posted in Insurance,Latest News,Life Insurance,Tax Planning May 21, 2016

MORE TAX INCENTIVES FOR HIGH INCOME EARNERS FOR MAKING CHARITABLE DONATIONS

  The Liberal government of Prime Minister, Justin Trudeau has indicated that it intends to increase the top marginal federal tax bracket from 29% to 33%. So how will this affect the charitable donation tax credit? Currently, the first $200 in donations will get a 15% ...

Comments Off on MORE TAX INCENTIVES FOR HIGH INCOME EARNERS FOR MAKING CHARITABLE DONATIONS   |   Posted in Charitable Giving,Latest News,Tax Planning March 03, 2016

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

TAX HIKE EXPECTED FOR HIGH INCOME EARNERS

 The Liberal government of Prime Minister, Justin Trudeau, plans to increase taxes for high-income earners and to cut taxes for what they define as “middle class” in Canada. The new government plans to do this by reducing the federal tax rate to 20.5% from the ...

Comments Off on TAX HIKE EXPECTED FOR HIGH INCOME EARNERS   |   Posted in Latest News,Tax Planning February 13, 2016

TFSA CONTRIBUTION ROOM IS DECREASED TO $5,500

 Under proposed legislation by the new Liberal government, starting January 1, 2016, the annual TFSA dollar limit for 2016 will decrease from $10,000 to $5,500 and will be subject to indexation. Tax Free Savings Accounts (TFSAs) were introduced by the federal government in 2009. Canadian residents ...

Comments Off on TFSA CONTRIBUTION ROOM IS DECREASED TO $5,500   |   Posted in Investments,Latest News,Retirement Planning,Tax Free Savings Accounts,Tax Planning January 27, 2016

SMALL BUSINESS CHANGES

 The 2015 Federal Budget included some notable changes that would be of interest to business owners. The following are the two major changes announced in the budget in this regard. REDUCTION OF THE SMALL BUSINESS TAX RATE A surprising but very welcome proposal in the budget was ...

Comments Off on SMALL BUSINESS CHANGES   |   Posted in Financial Planning for Business Owners,Latest News,Tax Planning August 03, 2015

CHANGES TO TAXATION OF CHARITABLE BEQUESTS

 Canadians donate billions of dollars to charities each year and many of them make bequests through gifts in their wills to make sure that they can continue to support the charities that they love beyond their mortal life spans. To motivate Canadians to give more to ...

Comments Off on CHANGES TO TAXATION OF CHARITABLE BEQUESTS   |   Posted in Charitable Giving,Estate Planning,Latest News,Life Insurance,Tax Planning August 03, 2015