News Room

Helping First Nations, Inuit and Metis with Tax Filing

The Canada Revenue Agency is trying to reach out to Canada’s First Nations, Inuit and Metis to encourage them to file their tax forms on time and could use your help to make sure these communities get all the tax benefits they are entitled to. But filing tax returns are not always easy, especially when there is income on and off the reserve.

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.

Build Your Retirement Nest Egg

Have confidence that you will never run out of money – learn to maximize your long term financial security and minimize risk and taxes. Get your copy of Master Your Retirement today.

Advise Affluent Families with Intergenerational Wealth Transfer Needs

Facilitate estate planning solutions tailored to your clients’ situations. Enrol in Use of Trusts in Tax and Estate Planning.
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    10 votes
    17.54%
  • No
    47 votes
    82.46%