Tax News

When a client might cut off an adult child

You have a new client and learn he has a 32-year-old son who still lives at home. The couple has two other adult children who work full-time and are independent, but their eldest refuses to work. Your client provides a monthly allowance and pays his bills, including auto insurance. Since your client is approaching retirement, you’re worried this arrangement will jeopardize his finances.

April 4, 2014

3 min read

Avoid the (new) Kiddie Tax

Budget 2014 expanded the Kiddie Tax, making it more challenging to split business income with minor children. The new rules apply to the 2014 taxation year onward.

By Stella Gasparro |April 4, 2014

3 min read

Unwind an over-concentrated portfolio

What happens when clients own too much of one thing.

By Evelyn Juan |April 4, 2014

6 min read

Feds bury FATCA in budget bill

The Conservative government has tabled legislation to implement key elements of this year’s budget. But it contains more than tax credits.

By Dean DiSpalatro |March 31, 2014

4 min read