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All items tagged with: investment

CPP Benefit Enhancements: An Alternative to Private Plans and Pensions

Posted: August 21, 2018 By : Stefanie Keller
Posted in: Strategic Thinking , seniors, investment, knowledge bureau, Canada Pension Plan, Evelyn Jacks, retirement income, public pension, Real Wealth Manager, old age benefits, income planning, Quebec Pension Plan, deferring CPP, CPP enhancements, maximum pensionable earnings, tax-efficient retirement income, Stefanie Keller

Will the CPP be enough to provide security in retirement? That’s a big question for many who face higher premiums for the mandatory plan starting in January of 2019. But to get the most out of your CPP, it pays to get some professional advice.

12 Essential Year-End Tax Planning Questions

Posted: August 21, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Corporations, investment, knowledge bureau, Evelyn Jacks, corporate tax, Small Business, trusts, wealth management, tax reform, CE summits, proprietorships, Larry Frostiak, unfair tax changes, year-end planning, financial workshops, Knowledge Journal, passive investment income, Jenifer Bartman, business planning, TOSI, Kim Moody

Complex new tax rules were introduced for 2018 and 2019. Tax accountants, wealth advisors, and taxpayers will need to follow the “after-tax lifeline” of an invested personal or corporate dollar with 12 planning strategies.

$110 Million Owing on TFSA Audits

Posted: August 21, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Financial Literacy, CRA, tax court, trading, investment, stocks, knowledge bureau, TFSA, Evelyn Jacks, securities, tax education, financial education, Walter Harder, investors, tax audits, TFSA audits, uncollected tax debt, tax appeals, Tax Free Savings Account

Over the past year, the Canada Revenue Agency has made it a priority to collect on what they’ve deemed to be over $100 Million in unpaid taxes on TFSA investments. But can investors fight back?

Five Important Details Emerge on the Canada Workers Benefit

Posted: August 14, 2018 By : Walter Harder
Posted in: Strategic Thinking , Tax Planning, investment, knowledge bureau, Evelyn Jacks, income tax, refundable tax credits, income planning

Draft legislation that describes enhancements to the Canada’s Workers Benefits, was tabled at the end of July, and the proposals contain five interesting changes which improve access and benefit availability, as outlined in the federal budget.

Deferring Receipt of CPP: Is it the Right Call for Retirees?

Posted: August 14, 2018 By : Stefanie Keller
Posted in: Strategic Thinking , seniors, investment, knowledge bureau, Canada Pension Plan, Evelyn Jacks, retirement income, public pension, Real Wealth Manager, old age benefits, income planning, Quebec Pension Plan, deferring CPP, CPP enhancements, maximum pensionable earnings, tax-efficient retirement income, Stefanie Keller, Stellar Wealth & Tax Solutions

When it comes to the Canada Pension Plan (CPP)/Quebec Pension Plan (QPP), most Canadians want to know whether they should take it early, at age 60 or defer it. In fact, this is a great trigger question and a core part of the discussion and a core part of the discussion about a pre-retiree's financial strategy. Yet it is surprising how few advisors drill down on this complex, and often uncomfortable decision.

Non-Residents in the Family: What’s the CRA’s Take?

Posted: July 17, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, CRA, investments, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax filing, tax courses, master financial advisor, distinguished financial advisor, employment insurance, retirement income, tax education, tax return, personal amounts, double taxation, cross-border tax, Canadians abroad, surtax, non-resident, Canadian emigrant, Canadian expatriates, tax treaaty, Canadian immigrants, non-resident tax, world income

Summertime is family time; but it is also the time of year when people prepare for big life changes taking place in the fall. Young adults make plans to work abroad, travel or go to school and empty-nesters journey to warmer climates. However, non-residency comes with tax consequences, so a visit to a tax advisor should be part of your travel preparation.