Many couples are not aware of the full range of options when it comes to splitting income, both before and after retirement. Good planning can significantly increase their combined income
Estate tax issue could cause quite a few headaches
Transactions that bear two of three “hallmarks” will have to be reported under new regime
A B.C. judgment potentially leaves advisors open to charges of unprofessional conduct if assets are transferred to protect wealth
Time limit for deemed dispositions from trusts can be a trap for financial advisors and clients
There are different tax implications for both courses of action, but the decision depends primarily on your client’s choice
Although laws concerning these changes have not yet passed, you should not ignore these proposed changes at this time
Canada has tax treaties that reduce the pain of withheld taxes on foreign holdings, but taking advantage of them can be complex
Canadian financial institutions may have to report the holdings of their U.S. clients to the IRS starting in 2013