Tax News

Helping first-time home buyers

Under the federal Home Buyers’ Plan (HBP) a first-time home buyer can withdraw up to $25,000 from his or her RRSP to help fund the purchase of a first home. One of the conditions is that the individual who withdraws the funds must intend to occupy the home as a principal residence no later than […]

By Jamie Golombek |February 1, 2010

3 min read

Coming to terms with HST

This past holiday season, the kids received a DVD of heritage-era cartoons, not the ones with either of the famous big-eared rodents, but instead a collection of fractured fairy tales. One in particular caught my attention – a tongue-in-cheek version of the story of the ant and the grasshopper. You’ll recall the original pitted the […]

February 1, 2010

4 min read

Seven ways to prepare for HST

1. What types of training will the tax or accounting departments need to be prepared for HST? It’s imperative tax and accounting departments be aware of transitional rules, particularly noting dates on which HST collection must start and exactly when to charge what tax. The accounts payable staff will want to be particularly careful to […]

By Janet Kasun |February 1, 2010

6 min read

Preserving a charitable legacy

Most of your clients make philanthropy a part of their life, committing either time or money to assist others. Many of those philanthropists want to continue their charitable giving even if they become mentally incapable of doing so. In addition, many of those clients want to use charitable giving to leave behind an admirable legacy […]

By Floyd Gradley |January 29, 2010

4 min read