Tax

Canadians take DIY approach to taxes

An overwhelming majority of Canadians are doing their own taxes and are confident they are doing a good job, according to a BMO Harris Private Banking survey. The study noted that despite the anxiety that often accompanies tax season, more than half of taxpaying Canadians (59%) have decided not to engage a professional to assist […]

By Vikram Barhat |April 12, 2011

2 min read

Maximizing the REIT tax advantage

It’s 2011 and the new distributions tax relating to flow-through entities, including income trusts that existed on October 31, 2006, now applies.

By Gena Katz |April 8, 2011

3 min read

Advising non-resident Canadian clients

Given the number of Canadians who vacation in the U.S. each year, as well as those who move between borders for employment or other reasons, it’s important for financial advisors to be aware of the regulatory and income tax issues faced by clients who regularly spend time south of the border.

By Terry F. Ritchie |April 3, 2011

7 min read

Taxing questions for snowbirds

With the Canadian dollar rising to its highest level in 32 months in February 2011 and the appeal of warm weather, more and more Canadians are considering migrating to the U.S. Canadian businesses should get used to parity, Toronto-Dominion Bank CEO Edmund Clark told Bloomberg in February 2011. In 2010, the loonie climbed 5.5% against […]

By Terry F. Ritchie |April 1, 2011

7 min read