Understanding Investment Leveraging – Investment Loans

Posted on July 23, 2021July 23, 2021 by admin

Leveraged investing is a technique that seeks higher investment profits by using borrowed money. These profits come from the difference between the investment returns on the borrowed capital and the cost of the associated interest. Leveraged investing exposes an investor to higher return with high risk. Watch the video below from Industrial Alliance and B2B: Read attached to Read more about Understanding Investment Leveraging – Investment Loans[…]

SMART TALK… about registered education savings plans (RESPs)

Posted on March 22, 2021March 22, 2021 by admin

As a parent, you want the best for your child – their health, happiness and future opportunities. A Registered Education Savings Plan (RESP) is one way you can help lay the groundwork for a lifetime of learning. There are many financial benefits to consider as well, including government grants and tax-deferred growth of the investments Read more about SMART TALK… about registered education savings plans (RESPs)[…]

Canada Revenue Agency locks 800,000 accounts

Posted on March 15, 2021 by admin

The Canada Revenue Agency locked roughly 800,000 accounts after a routine check found that the login information was available to “unauthorized individuals,” the federal tax agency said Friday. Impacted users will be locked out of their accounts as a preventive measure until they create a new user ID and password, the CRA said in a Read more about Canada Revenue Agency locks 800,000 accounts[…]

Indian Gift Tax Rules: Documents that you should have

Posted on January 5, 2021January 5, 2021 by admin

Gift received by a Canadian resident from Indian resident is taxable in India in the hands of the recipient unless received from relatives. In India, one of the most common modes of transfer of property and money is by way of a gift. A gift can be a transfer of movable or immovable property or Read more about Indian Gift Tax Rules: Documents that you should have[…]

2021 Payroll Planning

Posted on January 3, 2021January 3, 2021 by admin

First payroll remittance for year 2021 will be due on Feb 15th 2021 if you are monthly remitter or on April 15th 2021 if you are quarterly remitter. The CPP rate for year 2021 has gone up to 5.45% from 4.25% in 2020, see the table below. CPP contribution rates, maximums and exemptions Year Maximum Read more about 2021 Payroll Planning[…]

High-net-worth clients should draft dual wills

Posted on December 15, 2020 by admin

When a person dies leaving a will in Ontario, it isn’t uncommon for the executor of the estate to apply for a certificate of appointment of estate trustee with a will, a legal process where courts confirm the validity of the deceased’s will, and the executor’s authority to act on behalf of the estate. An Read more about High-net-worth clients should draft dual wills[…]

It’s Beginning to Look a Lot Like Tax Season

Posted on December 15, 2020December 15, 2020 by admin

Everywhere you go Take a look at your T5 and T4, or you may soon be poor With all the taxes at your door. It’s that lovely time of the year when everyone is full of cheer (the 2020 brand of cheer, that is!) And now, tax season is just around the corner. But that’s no reason to Read more about It’s Beginning to Look a Lot Like Tax Season[…]

When Your Business Owns a Life Insurance Policy, Proper Set-Up is Key

Posted on February 16, 2020 by admin

Corporate owned insurance can have many benefits. A policy owned by your operating company though, can cause quite a few headaches. When it comes time to sell your operating company, you may find it very difficult to transfer the policy out of the company. In fact, this type of transfer can have onerous tax consequences. Read more about When Your Business Owns a Life Insurance Policy, Proper Set-Up is Key[…]

The Basics of the Smith Manoeuvre

Posted on February 16, 2020February 16, 2020 by admin

In the United States, mortgage interest is tax deductible if you meet certain qualifications. However, mortgage interest isn’t tax deductible here in Canada. That doesn’t mean that there aren’t a few cool tricks that you can use to improve your tax situation, and that includes turning your mortgage interest into something that could be tax Read more about The Basics of the Smith Manoeuvre[…]

Small business deduction rules

Posted on December 2, 2019 by admin

What is the SBD? The SBD reduces the corporate income tax that a corporation would otherwise have to pay in a taxation year throughout which it was a Canadian-controlled private corporation (CCPC). A corporation’s SBD for a taxation year is generally calculated by multiplying its SBD rate by the lesser of its: income for the Read more about Small business deduction rules[…]