This Month’s Poll
Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?RBC Amongst Defendants in Massive Law Suit
The United States Federal Deposit Insurance Corporation (FDIC) filed a lawsuit in federal court in Manhattan on March 14th against sixteen banks, including RBC, alleging fraudulent activity in conspiring to keep a key international interest rate artificially low for their own enrichment.
Do Ponzi Schemes Generate Taxable Income?
In Roszco v. The Queen (2014) TCC 59, a recently released decision from the Tax Court of Canada, the issue at hand was whether interest generated from fraudulent schemes was taxable within the meaning of section 12(1)(c) of the Income Tax Act (the Act).
Evelyn Jacks: Building Wealth: Don’t Go It Alone
Are you wealthy? What’s your definition? One way to think about it is to consider: what does it take to achieve peace of mind – to be free of financial worry? Would you be truly wealthy then?
Grad Spotlight - How the MFA Program Enhanced Joan’s Effectiveness as a Financial Advisor
Joan McIvor earned her MFA-Retirement Income Specialist designation with honours in 2012 and has used the knowledge gained from the MFA program to enhance her business. We are pleased to have Joan as one of our distinguished grads.
Internet Businesses: Did you Know About Schedule 88?
T2 filers must complete Schedule 88, effective with year-ends beginning 2013. This form is more detailed that the new “Internet Business Activities” added to schedule T2125 of the T1 return however, in both cases the information is to be filed with the tax return.
Stay Away from Charity Schemers
If you participate in an abusive charitable donations tax shelter, you’re opening yourself up to a sure audit.
