Unused capital losses
Unused capital losses Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, InvestmentsCanada Revenue Agency
Total 280 Posts
Joint Tenancy Tax Issues
Last week my colleague, Laura West, spoke about some of the non-tax pitfalls that can arise when transferring property into joint tenancy with a family member. This week I’m here to follow-up with a discussion of the tax implications that should be considered before changing ownership of property to joint tenancy…..
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Canada Revenue Agency, Estate Planning, Joint Tenancy, Probate TaxCan your TSFA Survive you?
By now, most of us have tax-free savings accounts (TFSA’s). Despite some early (and perhaps ongoing) confusion on as to how they work particularly with regard to deposits and withdrawals, TFSA’s appear to be working fine for all those who have them.
Have you thought about what happens to your TSFA’s upon your death?
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Can your TSFA Survive you? Continue Reading »
Canada Revenue Agency, Estate Planning, Investments, WillsA Nice Gift to Give to your Spouse… a Loan
The Canada Revenue Agency has announced the 2010 third quarter prescribed interest rate used to calculate taxable benefits for employees and shareholders for interest-free and low interest loans would be 1%. With this the lowest historical prescribed rate ever, it is an opportune time for taxpayers to reduce the tax bite through an income-splitting structure using loans…..
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Canada Revenue Agency, Estate Planning, Interest, Investments, Loans