Tax News

Why clients must pay back RRSP withdrawals

The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.

By Jamie Golombek |August 8, 2012

3 min read

Income splitting for business owners

Redirect profits to family members in lower tax brackets

By Bruce Ball |August 3, 2012

3 min read

Saving money on business succession

Heirs can buy your business for minimal cost and you can relieve your tax burden

By Paul McLaughlin |July 26, 2012

2 min read

Help business owner clients sell out

How to move your company to a new generation of owners

By Camilla Cornell |July 25, 2012

2 min read