Tax

Odd RDSP tax case exposes problems

To ensure clarity and efficiency, new legislation is often layered upon existing law; otherwise, there could be unnecessary duplication of definitions, parallel procedures and inconsistent results. A recent court decision concerning the relatively new registered disability savings plan (RDSP) illustrates how this otherwise logical approach may nonetheless lead to unexpected outcomes, and leave a court […]

February 11, 2011

3 min read

RCAs avoid the cash grab

Out of the amount contributed to the RCA, 50% must go to a refundable tax account (RTA) with the CRA. Earnings within the RCA are not entitled to the capital gains inclusion tax rate, or to preferred dividend gross-up and tax credit treatment. As with contributions, 50% of realized RCA earnings must be paid to […]

February 11, 2011

4 min read

Let’s talk about tax

Against the backdrop of the personal wealth lost in the financial crisis and subsequent attempts at recovery, tax and financial planning are more important that ever.

By Vikram Barhat |February 10, 2011

3 min read

Income Tax in Quebec: Main Changes for 2010

The government of Quebec has made it a priority to rapidly restore fiscal balance. To get there, it prefers raising sales taxes rather than income taxes.

By Staff |February 10, 2011

2 min read