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Help your client avoid RRSP overcontributions

Penalties can result when “earned income” is misunderstood

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How to claim home-office expenses

Simplified procedures were extended for the 2021, 2022 tax years

tax penalty

CRA cracks down on home flippers ahead of new legislation

A recent court case illustrates the taxpayer troubles that can arise when selling a residence

Rebalancing your client’s portfolio may require a balancing act

Considerations include a potential hike to the capital gains inclusion rate

Tax-efficient RESP withdrawals

Without a strategy, clients with large plans could be heavily taxed on payments

donation

Ottawa mulls disbursement quota changes

Consultation ends on Sept. 30

Help your senior clients prepare for OAS changes

Get ready for an OAS index adjustment, a one-time payment for “older” seniors and an extra 10% for seniors over 75

confused man

What exactly is a “reasonable” rate of interest?

Clients who borrow to invest may be intrigued by a recent court case on interest deductibility

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Beware of TFSA schemes

A new CRA warning sheds light on a scheme that’s too good to be true

female advisor with laptop

Help clients avoid TFSA overcontributions

Your clients may want to check their junk mail folder for correspondence from the CRA

Relief for the repayment of Covid benefits

The federal budget has rectified a potentially harsh tax treatment of benefit recipients

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Worried about a possible increase to the capital gains inclusion rate?

Options for your clients to consider if they’re concerned about the inclusion rate increasing

Why clients should contribute to RRSPs before the deadline

Some clients may be reluctant to maximize their RRSPs for fear of missing out on other tax advantages

work from home

How should clients claim home office expenses this tax season?

Help your clients choose between the detailed method and a temporary flat-rate method 

Help clients plan for tax-efficient charitable giving

Three topics to discuss with your clients before the end of the year

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Which home-office expenses can be reimbursed tax-free?

The CRA has provided more details on the types of home-office expenditures employees can be reimbursed for without incurring a taxable benefit

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Understanding new Covid benefits can be a taxing process

Your clients may need to set aside funds to cover a potential tax bill in April

Help your clients plan for instalment payments

Clients can minimize payments by choosing the calculation method that best suits them

After the CERB…

Breaking down eligibility requirements for three new government benefits

Miniature House on A Financial Graph

Tax compliance for clients with U.S. property

The CRA has taken an interest in U.S. real estate transactions

Prescribed rate loan planning

Help your clients with their income splitting strategies

Help your clients plan for tax owing on CERB payments

Payments must be reported as income for the 2020 tax year

mature woman with tablet

Is it time for temporary, tax-free RRSP withdrawals?

Many retirees are ineligible for the government assistance being offered during Covid-19

Help your clients navigate new RRIF rules

The federal government has lowered the minimum RRIF withdrawal rate for 2020

Looking ahead to the federal budget

The C.D. Howe Institute’s “shadow budget” makes a number of recommendations for the feds to consider