Why clients should contribute to RRSPs before the deadline

While many of our clients have certainly embraced the TFSA as a great way to save for retirement, we shouldn’t forget that for most clients, RRSPs are still likely the vehicle of choice for long-term savings. With the RRSP deadline of March 1, 2021 just a week away, here are some RRSP stats, and the… Read more »

Liberals trimming small business tax rate to stanch political bleeding

Prime Minister Trudeau also says the government won’t be changing the lifetime capital gains rule. The Trudeau government took the first of several steps Monday to stanch the bleeding from a self-inflicted political wound, resurrecting a campaign promise to cut taxes for small businesses outraged by it’s controversial tax-reform proposals. To read the entire story… Read more »

RRSP: A Smart Choice for Business Owners

If you’re a business owner who operates through a corporation, you have two main options for deferring taxes when investing your business profits.  You can leave excess funds in your corporation for investing or you can withdraw funds and invest in an Registered Retirement Plan (RRSP). To read the complete article click here

2017 Federal Budget

The March 22, 2017 federal budget (the “Budget”) included a number of tax measures that will impact Canadian taxpayers.  Rather than summarize every tax measure included in the Budget document, this report, which was prepared from within the Budget lock-up today in Ottawa, will focus on some of the tax measures that are of most… Read more »

RCMP, CRA issue warning on taxpayer scam

Fraudsters are impersonating Canada Revenue Agency employees to dupe taxpayers Investment Executive Industry News – By James Langton | July 11, 2016 14:35 The RCMP and the Canada Revenue Agency (CRA) are warning again about the “taxpayer scam” as Canadians continue to be victimized almost daily. Fraudsters impersonating CRA employees target their victims and demand either… Read more »

2016 Federal Budget

By: Jamie Golombek, CPA,CA,CFP,CLU,TEP| March 22,2016 Reposted with permission Renaissance Investments   The March 22, 2016 federal budget (“Budget 2016”) included a number of tax measures that will impact Canadian taxpayers. This report, which was prepared from within the budget lock-up in Ottawa, will focus on the tax measures that are of most interest to individuals… Read more »

Donate life insurance, save tax

BY David Wm. Brown May 2, 2014 If you’ve been giving less to charity recently, you’re part of a trend. Statistics Canada reports Canadian charitable donations fell 1.9% to $8.3 billion in 2012. And the number of Canadians giving in 2012 slipped 1.4% to 5.6 million. But there are reasons to give. Charitable aspirations can be tax-efficient. And,… Read more »

2015 Budget Bulletin

The 2015 Federal Budget was the first for Finance Minister Joe Oliver, and it tabled a number of proposals that will impact the financial, tax and estate plans of Canadians. The following is a summary of the most relevant budget proposals that may impact financial advisors and their clients. Federal Tax Rates There are no… Read more »

The Perspective – The Bold & The Beautiful

Spring 2013 The Perspective Newsletter from Worldsource Financial Management Inc.  Soap operas can trace their ancestry back to the 1930’s, when the manufacturers of soap products such as Proctor & Gamble first produced affairs of love and drama for the radio. By the early 1950’s, soap operas transitioned to television, and daytime TV changed forever. Propelled… Read more »

The Tax Man Cometh

Finance Minister Jim Flaherty unveiled the federal budget yesterday. Our friends at Renaissance Investments offer a nice succinct explanation about what the new federal budget means for investors. Click here to read more about it. If you have any questions about it give us a call. 250 953-6816