July 2025 Poll
Do you believe Canada’s tax system based on self-assessment has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?Underground Economy Bigger Issue Than TFSA Tax Losses
It appears that tax cheaters are having a bigger effect on economic activity than tax free savers, when the cost of raising TFSA limits are contrasted with the cost of lost tax revenues due to the Underground Economy (UE).
CRA Wins as FCA Backs Down on Crown Costs Issue
Courts generally have the power to award costs against unsuccessful parties. These cost awards can be more severe depending on the conduct of the parties, and they are, therefore, a great way to dissuade frivolous litigation.
New Twist on Owner-Manager Compensation Planning
Financial Planners and Tax Specialists, together with Owner-Managers of Canadian Controlled Private Corporations (CCPCs) will need to review the compensation and retirement planning arrangements currently in place to ensure they are not eroded by recent federal tax changes.
TFSA and RRSP: Collaborative Investing is Key
In deciding which of the two tax preferred investment vehicles should be used for various lifecycle purposes – the TFSA or the RRSP - advisors and their clients should carefully consider all the advantages of investing in and withdrawing from each vehicle.
Tax Efficient Transition Planning with RRIF Withdrawals
What should you do with your RRIF withdrawals once you’ve generated the tax with the funds?
May 15 UCCB Deadline: Are You Telling Your Clients About It?
Have you alerted your clients about the changes in the eligibility for the increased UCCB benefits?
