TFSA overcontributions still a problem
Federal Court case is the latest reminder of the costs
- By: Jamie Golombek
- November 7, 2022 November 4, 2022
- 10:30
Top Stories in Tax
Inflation will affect tax brackets
Indexing helps your clients’ after-tax income keep pace
- By: Curtis Davis
- November 7, 2022 November 4, 2022
- 10:30
FHSA, other tax proposals tabled in House of Commons
Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more
- By: Melissa Shin, Rudy Mezzetta
- November 4, 2022 November 23, 2022
- 16:58
Finance gives reprieve on mandatory disclosure rules
The government will delay implementation of new rules that could affect advisors whose clients use aggressive tax planning
- By: Staff
- November 4, 2022 November 4, 2022
- 10:48
Feds extend anti-flipping tax to assignment sales
The 12-month holding period would reset after the taxpayer took ownership of property
- By: Rudy Mezzetta
- November 3, 2022 November 3, 2022
- 17:44
Fiscal update confirms feds’ plans to proceed with various tax and estate proposals
The update did not provide details on measures set to take effect soon
- By: Melissa Shin, The Canadian Press
- November 3, 2022 November 3, 2022
- 17:25
Tax-loss selling: investing’s moral victory
Help clients turn investment losses into a tax win
- By: Curtis Davis
- November 3, 2022 November 3, 2022
- 12:17
CPP maximum pensionable earnings for 2023 announced
The CRA also updated the RRSP dollar limit
- By: Staff
- November 1, 2022 November 1, 2022
- 10:14
Inflation to trigger bump in TFSA room in 2023
Next year's limit can be calculated using CPI data released Wednesday
- By: Rudy Mezzetta
- October 20, 2022 October 20, 2022
- 15:48
No duty to disclose beneficiary change, court finds
A widow sued her brokerage firm, alleging it failed to tell her about a change in her husband's accounts
- By: James Langton
- October 19, 2022 October 19, 2022
- 16:18
B.C. lawyers still wary after a year of electronic wills
Lawyers suggest there are too many unknowns in the process to sway them from more traditional methods
- By: Michael McKiernan
- October 13, 2022 October 13, 2022
- 16:16
CRA charging higher interest on amounts owed
Clients who owe the CRA would be wise to pay even if they dispute the amount, experts say
- By: Rudy Mezzetta
- October 5, 2022 October 5, 2022
- 10:56
Which of your fees are exempt from sales tax?
Advisors must navigate a series of complicated excise tax rules to ensure they are charging clients correctly
- By: Rudy Mezzetta
- October 4, 2022 October 4, 2022
- 10:22
Allow siblings to act as RDSP holders, report recommends
CRA's disability advisory committee releases its 2022 annual report
- By: Rudy Mezzetta
- December 5, 2022 December 5, 2022
- 14:23
Doubling first-time homebuyers’ tax credit to cost $115M: PBO
Meanwhile, eliminating student loan interest would cost $2.7 billion over five years, the Parliamentary Budget Officer finds
- By: Melissa Shin
- November 28, 2022 November 28, 2022
- 10:11
First-time homebuyers can use FHSA and HBP, feds propose
Rules governing new tax-free home savings account to be effective April 1, 2023
- By: Rudy Mezzetta
- November 23, 2022 November 23, 2022
- 09:58
Raymond James acquires Solus Trust
Vancouver-based trust company manages $400 million in assets
- By: Rudy Mezzetta
- December 6, 2022 December 6, 2022
- 14:15
Former fund rep sanctioned over clients’ estate disclosures
Potential conflicts involving clients' wills weren't reported to dealer
- By: James Langton
- November 14, 2022 November 14, 2022
- 16:52
Common gaps when appointing an attorney for property and personal care
A case study explains the challenges
- By: Akua Carmichael
- November 10, 2022 November 10, 2022
- 16:59