Tax News

Immigrating can be taxing

There are a variety of income tax consequences associated with immigration to Canada. But with a little planning, tax savings can be had, both currently and in the future. On becoming a resident of Canada, an individual is deemed to have disposed and reacquired most capital property owned immediately prior to establishing residence for proceeds […]

By Gena Katz |August 11, 2010

3 min read

Selling business shares

There are opportunities clients should certainly take advantage of to shelter or defer the tax on those gains

By Gena Katz |August 10, 2010

3 min read

Legacy of the family cottage

Jumping off the dock in the noonday sun, paddling a canoe in the late evening alongside the loons and roasting marshmallows on the bonfire late at night: the beloved cottage is a magical place for many Canadian families. Indeed, in many parts of the country, real estate values of cottages, cabins and other waterfront recreational […]

By Elaine Blades |August 1, 2010

6 min read

OAS clawback

If I received and subsequently invested a loonie for every client who has bemoaned the dreaded clawback of Old Age Security benefits because their retirement income is too high, the income ultimately generated from that investment alone could be enough to wipe out my own entire OAS benefits! The OAS program is an important component […]

By Jamie Golombek |August 1, 2010

3 min read