Wealth strategies
Tax savings
Include tax-saving strategies in your financial plan.
Estate planning
Trusts: a powerful wealth planning tool
A trust is a powerful wealth planning tool that may allow you to get specific about how you want to transfer your wealth to beneficiaries.…
Estate planning
New trust reporting rules
Trustees may have additional tax reporting obligations with respect to trusts they manage as of 2023.
Estate planning
Family trusts & prescribed rate loans
Income-splitting with minors may reduce tax & maximize cash flow A prescribed rate loan arrangement can be used by couples (spouses or common-law partners) to…
Tax savings
2022 year-end tax planning checklist
Effective wealth planning takes place throughout the year. However, you can take some key steps before the end of the year and early in the…
Tax savings
Reversing the stigma of reverse mortgages
How wealthy retirees can use this tool to free up cashflow
Tax savings
Ontario staycation tax credit
As the COVID-19 pandemic continues, many Canadians are looking to vacation closer to home. If you live in Ontario, you could be eligible to claim…
Tax savings
Heading south
Heading south for an extended period of time? It's important to understand the U.S. tax residency & the Substantial Presence Test. There are a few…
Tax savings
New trust reporting rules proposed for this year
If you oversee a trust and have not been required to file T3 trust income tax and information returns with the Canada Revenue Agency in…
Tax savings
Disclosing foreign property
What are the disclosure rules concerning foreign property owned by Canadian taxpayers? The quick answer points to Form T1135, or the Foreign Income Verification Statement.…