All items in: Tax Tips

See the Possibility:  Joe Roberts, The Skid Row CEO, On Addiction in the Family

Posted: November 17, 2015 By : Knowledge Bureau
Posted in: Strategic Thinking, Tax Tips
Joe Roberts, also known as “The Skid Row CEO,” held the audience at Distinguished Advisor Conference (DAC) rapt with his moving personal story of addiction and recovery. Revealing the power of having difficult conversations with clients, Joe showed how trusted advisors can take their work to another level, especially in making financial plans for those who are vulnerable due to addiction.

School Planning: Tuition, Education, Textbook Amounts

Posted: August 07, 2014
Posted in: Strategic Thinking, Tax Tips, Tax Planning, tuition education textbook amounts
The start of the school year is only a short month away, and now is a great time to think about the tax benefits of post-secondary studies in order to be organized come year-end.

Relationship Breakdown: Claiming Non-Refundable Tax Credits

Posted: June 18, 2014
Posted in: Strategic Thinking, Tax Tips, Tax Planning, tax credits divorce
After a relationship breakdown, there are some general rules on who claims in sole or joint custody cases.

Employee Stock Options

Posted: June 12, 2014
Posted in: Strategic Thinking, Tax Tips, Investment & Retirement, Tax Planning, employee stock options
An employer may provide its employees the opportunity to purchase shares in the employer’s corporation at some future date, but at a price that is the current market price when the option is granted (the exercise price).

Capital Losses Not Worthless

Posted: May 29, 2014
Posted in: Strategic Thinking, Tax Tips, Tax Planning, capital losses
Capital losses are important. They can offset capital gains of the year, the prior three years or any future year.

Gambling in the U.S.? Know Your Tax Obligations

Posted: May 22, 2014
Posted in: Strategic Thinking, Tax Tips, Tax Planning, gambling winnings tax
Many people have the misconception that gambling winnings are only taxable in the U.S. if you are a U.S citizen or resident, and that is simply not true.