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Court decision casts doubt over beneficiary designations

A judge found that a father’s RRIF belonged to the estate rather than son named on plan

Wooden box lined with hay from the chicken eggs

CRA issues newsletter for registered pension plan contracts

The additional guidance reduces the risk of purchasing a non-compliant annuity

  • By: Lea Koiv
  • August 4, 2020 July 31, 2020
  • 06:00
Bakery owners

Help your client wind down their private corporation

Consider these tax-efficient options

Wooden cubes tax with canadian dollar

Tax planning for CERB

The Canada Emergency Response Benefit could result in taxes owing

Calculator paper tape rolled up

CRA extends tax payment deadline to Sept. 30

The agency will not charge penalties and interest if payments are made by the new deadline

Close-up of smiling mature woman with daughter at park

Renting to a child while living in long-term care

Find out if your client is still eligible for the PRE

Interior view of the Canada Commons of Parliament, Ottawa

Feds expand eligibility for $600 payment to Canadians with disabilities

If the proposals are enacted, eligible Canadians would receive the payment automatically

Corruption illegal criminal activity tax evasion economy ponzi scheme concept. Closeup man hand hiding tax card in a sleeve of a suit isolated on gray wall background

CRA fines Quebec man nearly $500K for tax evasion

The man used fraud to avoid payment

  • By: Staff
  • July 8, 2020 July 8, 2020
  • 14:53
Yatch in ocean

Annual wealth tax in Canada would generate $5.6B, budget officer says

Almost 14,000 families would pay the tax on financial assets over $20 million

Interracial gay couple arguing

Cohabitation and property division in Ontario

The pandemic provides an opportunity for client discussion

Multi generation black family watching sport on TV at home

A tax strategy about nothing

What Seinfeld can teach us about the value of staying the course

Bridge to Canada Sign

Comparing Canadian and U.S. Covid-19 measures for retirees

U.S. taxpayers received greater relief for their retirement accounts

Wooden cubes tax with canadian dollar

CRA reduces prescribed rates for third quarter

The decrease creates new opportunities for tax planning

PBO report shines light on haves vs have-nots

In wake of report, NDP and Green Party renew call for wealth tax

Help for the social-cause sector during Covid-19

These organizations’ structures dictate CRA compliance and pandemic support

Court case shows how much can go wrong with T5008 slip

A taxpayer was told he owed $4.1 million in taxes

Why to avoid a foreign executor

In most cases the additional costs — and headaches — aren’t worth it

How to unlock a life income fund

If clients need liquidity, there are options

When does an enduring power of attorney become active?

Knowing the answer will help you and your client prepare for incapacity