Changes are coming to the Income Tax Act and both you and your clients will all be affected with new tax risks including longer tax audits. Bill C-31, which passed second reading in the House of Commons on June 3 and is now at committee stage, contains elements of previous Federal Budgets that will expand the CRA’s compliance and enforcement powers. Here’s what you need to know and pass along to your clients:
Sometimes an employer will require an employee to relocate to another part of the country. In such cases, it is not unusual for a low-interest or interest-free housing loan to be granted to cushion the costs of the move.
Modern families that are successful in accumulating wealth over time use the power of their economic unit to get the best after-tax results during their lifetimes and with a tax-efficient, intergenerational wealth transfer in mind.
The 10th annual Distinguished Advisor Conference was deemed to be the best yet – the speakers and sessions, networking opportunities, events, and unique Ojai moments. Here are few highlights from DAC 2013...