Tax News

Consequences of U.S. estate tax repeal

In early September, the U.S. Family Research Council (FRC) and the American Family Business Foundation released a report analyzing the effects of maintaining the estate tax on jobs, government revenues, and economic growth. Their report, “Repealing Death Tax Will Create Jobs and Boost Economy,” combined two recent analysis of the estate tax by a former […]

By Terry F. Ritchie |November 1, 2009

2 min read

Help entrepreneurs create tax plans

If you work with high net worth clients, chances are a high percentage of them are business owners. The tax needs of this group, which makes up a large percentage of the higher net worth clients being served by Canadian advisors, are unique; especially when it comes to passing the business to new hands. Succession […]

By Jamie Golombek |November 1, 2009

9 min read

Faceoff: TFSA vs RRSP

Which is better?

By Kanupriya Vashisht |November 1, 2009

8 min read

Cutting U.S. tax ties isn’t easy

Canadian and foreign pension plans; RRSPs; IRAs; qualified tuition, education and health savings accounts; and certain trust interests. The $626,000 exemption applies only to gains derived from capital property and does not reduce income inclusions resulting from treatment of special property. Tax on future gifts If Jim gives a gift to a U.S. person, the […]

By Beth Webel and Christopher Gandhu |October 21, 2009

4 min read