Tax News

Income Tax in Quebec: Main Changes for 2010

The government of Quebec has made it a priority to rapidly restore fiscal balance. To get there, it prefers raising sales taxes rather than income taxes.

By Staff |February 10, 2011

2 min read

Lump sum cash receipts and the RRSP

It is a great day when you receive a large sum of money. Perhaps you just sold a business; maybe you received an inheritance from your parents; it could be an award settlement from a legal claim; possibly a divorce settlement; or, maybe even a lottery winning. And for most Canadians, it's not unusual to have lots of room to deposit a large sum to their RRSP.

By Blair Corkum |February 10, 2011

4 min read

Incorporation tax benefits for professionals

As a professional, significant tax planning opportunities can become available when you incorporate. These include splitting income with family members, taking advantage of low corporate tax rates to defer tax and possibly the capital gains exemption if you sell your corporation.

By Bruce Ball |February 10, 2011

4 min read

Plan confusion: RESP, RDSP, RRSP or TFSA?

With so many plans to choose from, how do we best advise our clients on the optimal tax-preferred savings strategy?

February 10, 2011

3 min read