News Room

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.  

Tax Accountant Convicted of Tax Evasion

There is always someone who believes they’re smarter than everyone else and that the law doesn’t apply to them. The problem is that (aside from the fact in this case that tax evasion is illegal) there is always going to be someone smarter.

Three Essential Ingredients for Building Wealth

Father’s Day is coming up. It’s a perfect time to reflect, cherish and remember the financial wisdom your father instilled in you and how it shaped your life.

11 More Ways To Measure A Truly Rewarding Life

How important are a tax and financial advisor’s “soft skills?”  Having deeper conversations about many life components, other than finance, can be an important first step in improving your clients’ lives. 

Closing the Wealth Inequality Gap: Seven Key Questions

The old adage says that “money can’t buy happiness.” This is now statistically true.

GREAT GRADS! Top Five Tips to Reduce Anxiety About Public Speaking

Millennials (ages 18 to 35) are confident in their abilities and fairly optimistic about the future, but they have greater stress levels than any other generation before them. Why? Despite their many traits for success—ambition, drive and the ability to work hard—it is difficult for them to find opportunities to prove themselves.

On The Move? Tax Relief Can Reduce Financial Stress

Summer is here and it’s moving season. Exciting yet stressful, this life event can be lucrative from a tax viewpoint. 
 
 
 
Knowledge Bureau Poll Question

Do you believe SimpleFile, CRA’s newly revamped automated tax system, will help more Canadians access tax benefits and comply with the tax system?

  • Yes
    4 votes
    11.76%
  • No
    30 votes
    88.24%