News Room

Opportunity: Canadian Dollar Stabilizes, Somewhat

Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.  

Discovery of Documents in the Tax Court of Canada

Discovery: the process of requesting and receiving relevant documents from the other side is one of the most important stages of any litigation. When the other party is the Minister of National Revenue (the Minister) the discovery stage can seem like a David vs. Goliath type struggle.

Evelyn Jacks: Wealth Planning: Canada a Sweet Spot for a Higher Bell Curve

Lots of great material has been released lately about global and Canadian wealth trends. Three works come to mind as must-reads...

Business Owner Reduces Taxes with Income Splitting

Steve currently makes $84,000 in his small unincorporated business in BC; he wants to pay his new wife Carin half this amount, as they work together in the business. How much will the family save on taxes if they split income?

What is the Maximum Claim for Adoption Expenses?

Either parent may claim the costs of adopting a child or they may split the costs as long as no more than the actual amount spent is claimed.

Gambling in the U.S.? Know Your Tax Obligations

Many people have the misconception that gambling winnings are only taxable in the U.S. if you are a U.S citizen or resident, and that is simply not true.

A Master Financial Advisor Builds More Wealth

Become a valuable resource to your clients as they develop succession plans for their businesses. Earn your MFA-Succession and Estate Planning Specialist™ Designation. Enrol by June 15 and attend DAW as our guest.
 
 
 
Knowledge Bureau Poll Question

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?

  • Yes
    343 votes
    69.86%
  • No
    148 votes
    30.14%