All items in: Think Tank

Employment Insurance for the Self-Employed

Posted: January 08, 2014
Posted in: Strategic Thinking, Think Tank, Tax Planning, self-employed, employment insurance
Self-employed persons are ineligible for regular EI benefits due to lay-offs or business slow-downs. But they can now elect to receive EI benefits for the following benefits...

RDSPs: Year End Planning News

Posted: October 15, 2013
Posted in: Strategic Thinking, Think Tank, Investment & Retirement, Tax Planning, Canada Disability Savings Grant, canada disability savings bond
If you have a client who has a Registered Disability Saving Plan and is receiving disability assistance payments from the plan, a portion of these payments will be shown in Box 131 of a T4A slip and added to income on the 2013 return.

Year End Planning with OAS Benefits

Posted: September 30, 2013
Posted in: Strategic Thinking, Think Tank, Investment & Retirement, Tax Planning, OAS clawback
In the final three months of 2013, seniors will receive an inflation-adjusted increased OAS benefit of $550.99 per month, which makes the total annual OAS benefits a total of $6,578.06. 

Can GAAR and “Reportable Transactions” Co-exist in a Fair Tax System?

Posted: September 17, 2013
Posted in: Strategic Thinking, Think Tank, Tax Planning, GAAR, Form RC312, reportable transaction
Finance Canada’s new law on Reportable Transactions (subsection  237.3) co-exists with the General Anti-Avoidance Rules (GAAR in S. 245) in an interesting way. 

Buying a Business: Basic Tax Considerations

Posted: September 04, 2013
Posted in: Strategic Thinking, Think Tank, Investment & Retirement, Tax Planning, business acquisition
So, you have identified a business that you would like to acquire, but you are not sure which method you should use to do so, and how to best structure the deal to best avoid the tax man.