Everyone thinks of estate planning as highly complex, but it really comes down to three basic steps. They are: Know where you are now Know what you want to accomplish Putting a plan in place Let's look at each in turn. Step 1 - Know where you are nowThe...Read More»
When the federal government announced a few years ago that old issues of compound interest Canada Savings Bonds could be contributed to a special RRSP, it awakened many people to the fact that you don't need cash to generate a tax deduction. In reality,...Read More»
All mutual funds contain a measure of risk. The question is how much you're prepared to accept.
The more risk you take, the higher your potential returns...Read More»
When a taxpayer dies, important tax consequences should be discussed immediately with your tax advisor. For example, you may wonder whether it's possible...Read More»
Parents and grandparents should be aware of CCRA's (formerly Revenue Canada) Attribution Rules before gifting money to children under the age of 18.
The best way to save money on your income taxes over the long term is to know some basic tax planning parameters. Do you know the rate of tax you pay? Do...Read More»
I recently received an e-mail from a newsletter subscriber who asked: "What parameters do you utilize when you decide to sell? I wish to enhance my...Read More»
Q - Could you please explain what the medical tax credit is and how is it is pegged to inflation. - P.E.B.
A - The medical credit is designed to provide...Read More»
It appears as though Canadian interest rates are likely to remain at current levels at least through the rest of the winter, despite this month’s...Read More»
Here’s one important point to remember when investing in GICs for your RRSP. Most bank and trust company branch managers have the discretion to...Read More»
Question: When is enough, enough? I understand and subscribe to the idea that you invest for the long term and I know that, statistically, the market...Read More»