Posts Tagged tax bracket

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

Don’t Miss the Opportunity to Set up a Spousal Loan

If there was ever a time that you would want to consider using spousal loans, this is it. The current prescribed rate on a spousal loan is 1%, which is the lowest the prescribed rate has ever been. This is really as good ...

Comments Off on Don’t Miss the Opportunity to Set up a Spousal Loan   |   Posted in Credit and Debt Management,Financial Planning for Business Owners,Mutual Funds,Stocks,Tax Planning January 05, 2010