Tax News

Claiming charity contributions

If your clients are generous givers and happened write a cheque or donate in cash or kind to their favourite cause or charity in 2009, make sure you remind them to save the receipts as you could help them reduce income taxes when you file their tax returns. Here are some strategies that make both […]

By Ann Galvin |January 1, 2010

3 min read

Taxing Canadian dividends

With the turn of the calendar this New Year’s Day, we flipped the page to the next chapter in the ongoing evolution of Canadian dividend taxation. We witnessed the low-water mark in 2009 for eligible dividend taxation across the country. Come April, top tax bracket residents in five provinces will pay less tax on dividends […]

January 1, 2010

3 min read

HRTC explained

Last month I had the exterior of my home painted and took care of some much needed landscaping. But this time around, no more barefoot shoemaker; I’m following my own advice and taking advantage of a tax incentive – The Home Renovation Tax Credit (HRTC). You too must remind your homeowner clients the home improvements […]

By Gena Katz |January 1, 2010

3 min read

Organizing endowments is tricky

Endowments aren’t usually the first thing that come to advisors’ minds when they think about strategies for their clients. But the fact of matter is, the clients you want – the affluent most likely have some philanthropic goals, and helping achieve them will only enhance your practice. Structuring and managing an endowment was the central […]

By Mark Noble |January 1, 2010

9 min read