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All items tagged with: capital gains tax

Tax and the Bitcoin: Real Money Owing to CRA

Posted: January 09, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Financial Literacy, CRA, dividends, investments, trading, knowledge bureau, Evelyn Jacks, income tax, tax courses, bitcoin, tax education, financial education, Real Wealth Manager, interest, capital gains tax, taxation issues, Bitcoin value, Bitcoin trading, tax on digital currency, gold, PayPal tax

“Bitcoin Rush” is all over the news as speculators have tried to get in on the trend which saw skyrocketing values at the end of 2017. But there is a spoiler: gains on trading digital currencies like Bitcoins are subject to taxation in Canada, a liability that must be settled in real dollars.

Avoiding the Tax Consequences of Transferring Assets to Children

Posted: November 21, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , Estate Planning, Financial Advisor, knowledge bureau, Evelyn Jacks, retirement planning, tax courses, tax professional, wealth management, inheritance, financial education, asset transfer, tax on assets, beneficial ownership, tax on principal residence, capital gains tax, property transfer, real estate tax, estate planner

The transfer of assets to family members is an important part of retirement and post-retirement planning, as the tax consequences can be enormous. This is especially true now for average families as well as high-net-worth clients, because all final tax returns will carry with them the requirement to report any deemed disposition of a common family asset: the principal residence.