This Month’s Poll
Is the new Canada Groceries and Essential Benefit the right solution to help Canadians with inflation?Character Conversion Transactions Get a Reprieve
The federal government gave character conversion transactions a mid-summer reprieve on July 11, making the transition process somewhat easier for companies that use derivative forward agreements to change the character of income transactions to capital transactions.
Average Tax Refund Increases in 2013
CRA answered close to 3 million calls this past tax filing season, and 20 million—or over 76% of tax filers—filed electronically this year, an increase of 17% over last year.
Solutions to Cottage Tax Problems
One of the most difficult asset transitions can involve the family cottage. In this second of a two-part article in family cottage planning, Knowledge Bureau author David Christianson discusses potential solutions to this sticky issue.
Tax Refunds Take Big Bite Out of Retirement Savings
This year’s average tax refund of $1641 takes a big bite out of retirement savings for Canadian families.
Government Grants for Disability Saving Plans Can be Very Lucrative
The Canada Disability Savings Grant can add significantly to the pensions set up for disabled individuals through the Registered Disability Savings Plan (RDSP).
When am I Considered to Have Left Canada for Tax Purposes?
This excerpt from Evelyn Jacks’ Jacks on Tax outlines the different categories of residency and provides an answer.
