Tax Shock Adds to Family Heartbreak
Last month the sad story of an Ontario family who suddenly lost both parents in 2024 was shared in Burlington Today. The tax outcomes were just as shocking as the two deaths from unrelated causes. There was a cottage, a large RRSP and a big tax bill. Some of the outcomes could have been mitigated with some planning. I sat down with CTV’s Pat Foran to discuss the outcomes – with a message important to family planning.Lisa McKee: “The Client is King,” Key to Quality Customer Service
FOR IMMEDIATE RELEASE – Lisa McKee, owner of McKee Accounting, reveals the secret of success for her firm: Putting the client at the centre of everything to provide high-quality customer service.
Trust planning needs review after tax changes
Trusts are used on an ever-increasing basis to plan for wealth and succession objectives for medium- and high-worth clients. The advisor who can assist with that process enjoys the oppor-tunity to establish a long-term, potentially intergenerational connection with a client and their family. However, there have been recent changes advisors need to know about.
Exclusive Financial Survey Provides Client Insights to Advisors’ Value at DAC
FOR IMMEDIATE RELEASE – Ozy Camacho, Publisher, Investment Executive and Finance et Investissement, will provide insights from a ground-breaking survey that rates clients’ satisfaction levels with their financial advisors.
Seven Ways to Fund Higher Education – Part 2
The cost of a post-secondary education is rising faster than the rate of inflation, making higher learning more of a stretch for Canadian students and their families.
Child Fitness Amount: Small Improvements but Welcome Relief
Our sons participated with gusto in many sports: hockey, lacrosse, soccer and marathon running. In the chief role of road warriors, we charioted cherubs from one sportsplex to another. These activities provided physical, social, team and leadership skills that continue to be priceless, despite the often exorbitant price tag.
Case Dismissed: Due Diligence in Failure to Report Income
Tax and financial advisors take note: Within its reasons for judgment in a recent case, the Tax Court of Canada (TCC) has made some interesting comments about the due diligence defence as it pertains to subsection 163(1) of the Income Tax Act, and about how this defence can be successfully used in the context of a penalty under subsection 163(1).
