Tax

Legacy of the family cottage

Jumping off the dock in the noonday sun, paddling a canoe in the late evening alongside the loons and roasting marshmallows on the bonfire late at night: the beloved cottage is a magical place for many Canadian families. Indeed, in many parts of the country, real estate values of cottages, cabins and other waterfront recreational […]

By Elaine Blades |August 1, 2010

6 min read

OAS clawback

If I received and subsequently invested a loonie for every client who has bemoaned the dreaded clawback of Old Age Security benefits because their retirement income is too high, the income ultimately generated from that investment alone could be enough to wipe out my own entire OAS benefits! The OAS program is an important component […]

By Jamie Golombek |August 1, 2010

3 min read

Withdrawal strategies

Here is a situation that could be described as a financial advisor’s dream. An advisor has been referred a well-to-do retired couple who are seeking a second opinion on their finances. Their main goal, naturally, is to generate enough income to keep them in the style to which they have become accustomed. But, they also […]

By Michelle Munro |July 29, 2010

6 min read

Selling small business shares

Almost every succession plan for business owners involves the disposition of corporate shares. It might happen as part of an estate freeze, other reorganization or an outright sale to the next generation. Although share dispositions, including sales and transfers, often result in the realization of capital gains, there are opportunities clients should certainly take advantage […]

By Gena Katz |July 12, 2010

3 min read