passing the baton. handing over responsibility.

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.…

2 minute read

Man reading over documents and website using his laptop

Estate planning

New trust reporting rules

Trustees may have additional tax reporting obligations with respect to trusts they manage as of 2023.

8 minute read

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…

6 minute read

a comfortable life with family in retirement

Tax savings

Reversing the stigma of reverse mortgages

How wealthy retirees can use this tool to free up cashflow

11 minute read

People staycation in Ontario viewing escarpment

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…

4 minute read

flags of Canada and U.S.

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…

7 minute read

documents containing assets and property

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.…

6 minute read

deciding on home-office tax deductions

Tax savings

Home-office deductions for the 2020-2022 tax years

The COVID-19 pandemic has caused many employees to work from home. Wondering if expenses you incurred as part of your employment duties at home are…

14 minute read

the kindness and joy of giving to good causes

Tax savings

Spotlight on Donor Advised Funds

A donor advised fund is similar to having your own charitable private foundation, allowing you to hold meetings, decide which charities to support, and more.

3 minute read