Regardless of age or personal wealth, there are many Canadians who do not have a Will. Although the thought of preparing a Will may seem to be premature or too burdensome for some, the consequences of dying without a Will can be severe. If you die without a Will (this is referred to as dying Read more about 10 Consequences to Dying Without a Will[…]
This attached presentation will give you quick answers to many questions relating to 2017 personal tax return and corporate tax planning. We list major changes to attached presentation, including income tax changes that have been announced but have not become law at this time. Click to view 2017 updates – 2017 Tax Updates
New rules beginning in 2017 will affect the taxation of Canadian life insurance policies. If you are considering changes to an existing policy or the purchase of permanent insurance for yourself, your family, and particularly for your business, it’s important to consider the potential benefits of taking action during 2016 in order to meet your Read more about Getting ahead of tax changes that will impact your life insurance[…]
Justin Trudeau has vowed to increase taxes on the wealthiest of Canadians – many of whom have achieved their status by building businesses. These business owners could one day find themselves facing a tax-strategy dilemma: Should they leave money in the business, take it as income, or do something completely different? Read more….. Read more about One way to avoid tax – leave money in the business[…]
This summer when you’re standing around the barbecue with your business-owner neighbours, impress them with your knowledge of tax planning. I can tell you from experience that you’ll bore them to tears with the conversation, but they’ll thank you later when the tax savings start rolling in. Specifically, share with them that holding companies can Read more about How to defer tax by using a Holding company[…]
Ontario Executors Face New Probate Filing Rules
New income tax rules for life insurance will come into effect in a little over a year, with significant impact on estate plans. Here are strategies ahead of time…. Read more…..