Tax News

Employ your spouse to reduce taxes

You need to hire an assistant. And after interviewing several candidates, you realize your spouse is best suited for the role. As long as he actually works for you and is paid a reasonable salary, you can deduct the wages you pay him from your business income.

May 2, 2014

3 min read

Ontario budget hikes tax on rich

The Ontario government will increase taxes for those making above $150,000.

By Staff, with files from The Canadian Press |April 30, 2014

1 min read

Be smart about cross-border tax

Many U.S. advisors are reviewing clients' portfolios due to American tax changes made over the last year.

By Staff |April 24, 2014

1 min read

7 tips to tax loss harvest

If your client sells an asset, she’ll have to pay tax on half her gains. And if another investment lost money, it can offset her capital gains and she’ll only pay tax on half of any remaining profit.

By Jessica Bruno |April 21, 2014

2 min read