Tax

Maximizing the TFSA

In 2009 Canada finally caught up with many of the OECD (Organization for Economic Co-operation and Development) countries’ use of tax-preferred accounts to stimulate domestic savings. The U.S. introduced the Roth Individual Savings Plan (Roth IRA) in 1997 and the U.K. debuted the Individual Savings Plan (ISA) in 1998—the product that’s most similar to our […]

By Rayann Huang |April 8, 2010

6 min read

Maximizing the TFSA

In 2009 Canada finally caught up with many of the OECD (Organization for Economic Co-operation and Development) countries’ use of tax-preferred accounts to stimulate domestic savings. The U.S. introduced the Roth Individual Savings Plan (Roth IRA) in 1997 and the U.K. debuted the Individual Savings Plan (ISA) in 1998—the product that’s most similar to our […]

By Rayann Huang |April 7, 2010

6 min read

Income splitting in the TFSA era

This Advisor.ca Special Report is sponsored by: The practice of income splitting has been around for decades. Simply put, it’s the process of shifting income recognition from someone in a high tax bracket to someone in a low bracket. And, most often it’s carried out between spouses. With the implementation of the tax-free savings account […]

April 6, 2010

4 min read

Provinces crack down on aggressive tax planning

This Advisor.ca Special Report is sponsored by: On the surface, inter-provincial tax planning appears pretty simple—clients should assume they’ll pay tax on any income or disposed assets based on the rates of the province they live in. But wealth management strategies tend to be more complex than that, especially if there are ways to avoid […]

By Kate McCaffery |April 6, 2010

4 min read