Tax News

Politics could shrink TFSA contribution room

Tell clients not to worry about the possibility of repaying part of their $10,000 TFSA contributions, say industry experts.

By Jessica Bruno |April 24, 2015

3 min read

Is CRA reviewing your social media posts?

You know you should be wary of what's posted online when you're looking for jobs. But did you know that rule also applies when you’re filing taxes?

By Staff |April 24, 2015

1 min read

Pros and cons of dropping U.S. citizenship

Increasingly onerous U.S. income tax filing and reporting obligations, combined with scrutiny of foreign accounts under FATCA, has led many American citizens living in Canada to consider renouncing their U.S. citizenship.

By Staff |April 24, 2015

1 min read

CRA says clients can put more into TFSAs now

A CRA spokesperson has confirmed to Advisor.ca that clients can start taking advantage of the increased $10,000 contribution limit for the TFSA immediately.

By Staff |April 23, 2015

1 min read