Tax

Up to speed: 2009 tax changes

(November 2009) Need a little tax tutorial before plunging into another RRSP season? Bring yourself up to speed on this year’s tax changes with this succinct overview. PERSONAL TAX CHANGES Basic personal/spousal/partner amount The basic personal amount is the amount of income an individual can earn before paying any federal tax. The 2009 federal budget […]

November 17, 2009

8 min read

Advisor.ca’s top 10 tax stories of 2009

(November 2009) Over the course of the year, the staff at Advisor.ca has written a plethora of articles about pressing tax issues. Don’t worry if you’ve missed some of these gems — we’ve made sure to highlight a few of the pieces that readers found especially important this year. Tax brackets, figures and details for […]

By Staff |November 17, 2009

3 min read

To Clients: Tax deadlines are looming

(November 2009) Clients are often busy shopping for holiday gifts in December, so why not send them a letter reminding them that buying presents isn’t the only thing they need to do by the end of the year. This template letter explains to clients a few of the tax-related things they need to do before […]

By Staff |November 17, 2009

2 min read

The importance of the principal residence exemption

For many Canadians, their home is their most valued asset. It is often considered the most significant purchase, and might provide the greatest return relative to risk. This return is enhanced by the fact that Canadians are not required to pay tax on increases in the value of a principal residence. The Income Tax Act […]

By Wilmot George |November 12, 2009

6 min read