Tax

Making tuition tax credits fairer

Post-secondary tax credits cost the federal and provincial governments billions of dollars each year, but are not distributed equitably and may have no proven effect in boosting enrolment, says the C.D. Howe Institute.

By Staff |November 13, 2013

2 min read

When cohabitation agreements are inadequate

When retirees move in together, they need to consider how they'll handle end-of-life issues.

By Russell Drago |November 13, 2013

5 min read

When CRA reassesses your client

Why read this? › Your clients have university-age children › Your clients or their children have been selected for CRA reviews Why was the return selected for review? Less common triggers include What to do? 1. Tell your client a review isn’t the same as an audit, which is a more extensive examination. A review […]

By Jessica Bruno |November 12, 2013

3 min read

Save tax with family loans

The minimum interest rate for family loans rose from 1% to 2% in October 2013, and should fall back to 1% in January 2014. But changes in the interest rate don’t take the lustre off this income-splitting strategy, say tax advisory and wealth management experts. Families can still benefit; the keys are understanding how the […]

By Dean DiSpalatro |November 12, 2013

7 min read