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All items tagged with: taxation

Essential Tax Tips for Snowbirds

Posted: November 20, 2018
Posted in: Strategic Thinking , snowbirds, cross border taxation, CE summits, Dean Smith, Canadians abroad, U.S. tax, Cadesky Tax, U.S. residency, substantial pretense test, closer connection argument

Many Canadian snowbirds have already headed south for the winter, and recent retirees making this a part of their lifestyle for the first time should be diligent in understanding the tax rules that affect them before year-end.

Newcomers Need Advice: Can You Explain Our Complex Tax System?

Posted: September 17, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , taxation, knowledge bureau, Evelyn Jacks, tax reform, personal income tax, immigration, canadian newcomers, working abroad, newcomers to canada, immigrants, returning residents, Canadians returning, living aborad, Social Insurance Number, Canada's tax system, tax guidelines

Our nation’s system is complex even to tax-educated Canadians. Imagine how mind-boggling this must be for newcomers (immigrants and refugees) and returning residents to Canada. There’s opportunity for advisors to work with this vast niche market and become a trusted educator and advocate for these families.

Tax Enforcement: Are Subjective Views Helpful?

Posted: August 27, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , CRA, capital gains, knowledge bureau, taxing the rich, Evelyn Jacks, income tax, Canadian economy, tax literacy, tax education, CE summits, CRA audits, CRA workers, 1%, top personal income tax rate, corporate tax rates, capital gains taxes, fair taxation, equal taxation, Business Tax Services Specialist

The results of a mid-month survey of CRA tax auditors by the Professional Institute of the Public Service of Canada (PIPSC) highlight the challenges of keeping Canada’s tax system fair for all. One of them is the easy headlines that pit one group of taxpayers – generally the “wealthy” - against another. But a deeper read of the survey uncovers relevant and possibly more purposeful insights.

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.

U.S. Repatriation Tax Is Hitting Canadians Hard: Are Your Clients Affected?

Posted: June 19, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , Venture Capital, Financial Literacy, Financial Advisor, knowledge bureau, Evelyn Jacks, distinguished advisor conference, tax courses, Canadian economy, tax education, Canadian business, CE summits, US tax, Trump, IRS, cross-border tax, US tax reform, self-study, repatriation tax, Canadians in the US, Canadians abroad, Tax Cuts and Jobs Act, shareholders in foreighn corporations, Cross boarder Taxation course

Donald Trump’s U.S. tax reforms are having a significant spillover effect north of the border, as many individuals with private businesses in Canada are facing an enormous tax bills in the U.S. If your client base includes any corporation in which a U.S. shareholder controls at least 10 percent of the voting rights or value, you need to know the details of this punitive measure.

DAC 2018: Dr. Jack Mintz to Address Canada’s Competitiveness

Posted: June 12, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , DAC, knowledge bureau, Evelyn Jacks, Small Business, distinguished advisor conference, wealth management, cross border taxation, CE summits, business taxation, NAFTA, Dr. Jack Mointz, Canada's competitiveness, cross border trade, global portfolio management, working abroad

After decades of calm, the issue of competitiveness is front and centre for Canada. To address the best interests of your clients, your deeper knowledge about the emerging North American tax and trade reforms will serve you well, and there is no better person to help you interpret the changes than DAC Keynote speaker, celebrated tax expert and economist Dr. Jack Mintz.