Tax

Contentious clawbacks

From time to time, the issue of the dreaded clawback of the Guaranteed Income Supplement (GIS) or Old Age Security (OAS) benefits rears its ugly head in Tax Court when an irate—and often confused—taxpayer challenges the government’s decision to suddenly reduce his or her government benefits based on a one-time unusual income event the prior year.

By Jamie Golombek |February 1, 2012

3 min read

The true cost of debt

The true cost of debt—to truly help clients understand, advisors need to factor in taxes

By Jason M. Pereira |February 1, 2012

4 min read

Beware of tax protester schemes

For at least a decade, there have been organizations and individuals who have promoted the natural person argument which suggests that natural persons are not subject to the Income Tax Act.

By Wilmot George |January 31, 2012

5 min read

Avoiding probate court

Your clients may think trusts are just for the rich or for those with complex affairs. But this is not the case. So, here are some tips on how to use them.

By Douglas Gray |January 30, 2012

4 min read