From Canadian Tax Resource
December 3, 2009 at 9:00 am
It is important to understand that when you hire and accountant, or any professional for that matter, that you are entering into a business arrangement. And when you enter a ... (
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From Canadian Tax Resource
December 1, 2009 at 10:49 pm
If you invest in U.S. stocks or hold stocks from other foreign countries, you may have had a withholding tax deducted from the dividends you were paid. This a tax charged by ... (
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From
November 30, 2009 at 10:00 am
Over the next few weeks, I will publish a series of year-end tax planning that build on the 2009 Year End Tax Planning Strategies article posted November 19th. Here is a list
... (
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From Canadian Tax Resource
November 27, 2009 at 10:30 am
There are a lot of great personal finance blogs and websites that address a wide variety of topics and every week I publish a list of some of published articles I’ve found ... (
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From Canadian Tax Resource
November 26, 2009 at 10:00 am
Dividends are paid to shareholders from a corporation’s after-tax income. The dividend gross-up and tax credit system is designed to recognize the amount of tax the corporation ... (
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From Canadian Tax Resource
November 25, 2009 at 10:00 am
With the end of the year looming, tax loss selling season is almost at hand. If you wok with a stockbroker, you may already be considering which stocks to get rid of before the ... (
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From Canadian Tax Resource
November 24, 2009 at 10:00 am
James is an average kind of guy. He’s worked hard and has made a point of making regular contributions to his RRSPs. Even with the volatility of the stock markets over ... (
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From Canadian Tax Resource
November 23, 2009 at 10:00 am
The Government of Canada announced November 3rd introduced legislation that would extend Employment Insurance (EI) special benefits, including maternity, parental, sickness and ... (
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From Canadian Tax Resource
November 20, 2009 at 11:47 pm
Every week (almost anyway), I publish a list of posts from other personal finance bloggers. Here is a list if articles I’ve found interesting this past week.
Financial ... (
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From Canadian Tax Resource
November 19, 2009 at 1:22 pm
In a media release today, The Government of Canada has introduced a proposed Code of Conduct for the Credit and Debit Card Industry in Canada.
The Code is intended to promote ... (
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From Canadian Tax Resource
November 19, 2009 at 10:00 am
As the end of the year approaches, many turn to year-end income tax planning. Here are some items you should begin thinking about before the end of the year.
Investment Planning
1. ... (
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From Canadian Tax Resource
November 18, 2009 at 10:00 am
There is common misconception that there is a tax advantage to deducting investment management fees separately as compared to the fees deducted inside of a mutual fund. In fact, ... (
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From Canadian Tax Resource
November 17, 2009 at 10:00 am
Probate is a legal process where the executor is confirmed, and the Will is validated by the courts.
The court imposes a fee (or tax) for performing this function and the fee ... (
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From Canadian Tax Resource
November 16, 2009 at 10:45 am
Back in August we discovered our basement was leaking and after taking down an interior wall, discovered a previous owner had attempted to install their own wood burning fireplace. ... (
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From Canadian Tax Resource
November 11, 2009 at 6:08 pm
The Investment Industry Association of Canada CEO, Ian Russell has suggested that Canada should reduce the tax or eliminate the tax on capital gains on smaller companies. The ... (
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From Canadian Tax Resource
November 9, 2009 at 11:34 am
The CRA’s Registered Plans Directorate announced updated rates for the 2010 Money Purchase limit, DPSP limit, Defined Benefit limit, and 2011 RRSP limit.
For 2011, the ... (
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From Canadian Tax Resource
November 5, 2009 at 2:09 pm
If you are in the process of divorce and will have to pay spousal support, make sure you structure the payments properly to make sure the payments are tax deductible.
When Is ... (
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From Canadian Tax Resource
November 3, 2009 at 1:32 pm
The federal and provincial governments offer a variety of programs and services to those thinking of starting a business or those with existing businesses. Listed below is a ... (
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From Canadian Tax Resource
November 2, 2009 at 11:00 am
A recent visitor to Canadian Tax Resource send in a question asking if a capital loss can be transferred to the surviving spouse after death.
“If the deceased spouse had ... (
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From Canadian Tax Resource
October 31, 2009 at 10:43 am
Actually, I have nothing to say about swine flu other than it everyone is consumed with discussing it. Should I get a vaccine or not, will I get sick or not.
Here is a list of ... (
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From Canadian Tax Resource
October 30, 2009 at 9:25 am
I have been writing about how HST would have an adverse impact on the average mutual fund investor. Clearly the imposition of a new tax on the management expense ratio (MER) ... (
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From Canadian Tax Resource
October 29, 2009 at 10:52 am
Much has been written about the impact HST will have on certain financial services but what about the impact to other product and services. Does HST still make sense?
HST Streamlines ... (
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From Canadian Tax Resource
October 28, 2009 at 1:29 pm
A friend recently asked me about the best way to deal with the income tax that will need to be paid when his parents eventually pass away.
The most common way to offset this ... (
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From Canadian Tax Resource
October 27, 2009 at 11:28 am
Let me start by saying that overall the movement from separate GST and provincial sales taxes to a harmonized sales tax is a good idea. The application of HST to certain financial ... (
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From Canadian Tax Resource
October 23, 2009 at 1:18 pm
With the announcement of the TFSA rule changes last week, there has been a few interesting articles published on the topic.
In my Wednesday article on the RRSP meltdown strategy, ... (
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