Tax News

Making the most of vacation homes

Here’s a know-your-clients question. How many of your clients own vacation homes? If you were to add up all the cottages, condos and time shares, you might be surprised at the extent of second home ownership. Indeed, the value of vacation homes in Canada seems to have exploded over the past decade. Statistics Canada, which […]

By Michelle Munro |May 27, 2010

5 min read

Tax-advantaged investing

Investors have been enjoying a broad equity market rally for the past year, but many market commentators are sounding cautious about future gains. It’s a stock picker’s market now, the refrain goes, suggesting that the easy money has been made. On the fixed income side of the portfolio, yields remain stubbornly low, and investors are […]

By Steven Lamb |May 12, 2010

7 min read

New rules for employee perks

The federal budget has key changes that will impact ownership and disposition of employer stock options. For those of you with clients who participate in public company employer stock option plans or whose investment portfolios currently include shares acquired under such plans, last month’s federal budget included some important changes that may affect strategies relating […]

By Gena Katz |May 10, 2010

3 min read

Get group TFSAs working for you

As an advisor you now have another valuable product on your shelf to introduce to your clients. Most people are trying to catch up with what a Tax Free Savings Account (TFSA) is these days, never mind the “group” part. Let’s start at the beginning and walk through it together. Years ago, the Canadian government […]

By Sue Ricketts |May 5, 2010

5 min read