Year-End Tax Planning Ideas
The following are some ideas for individuals and business owners to reduce income taxes as 2024 draws to a close.…
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Your Legacy Plan and Charitable Giving
Recently, a client wanted to leave all their money to two charities through their Will. They wanted to leave a…
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Passing it on to Your Heirs
Ralph and Mary have accumulated a nice estate, a good portion of it in cash. They want to leave it…
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PLANNING AHEAD EASES TAX AUDIT WORRIES
A letter arrives from Canada Revenue Agency (CRA). You are being audited. Panic ensues as you wonder what you did…
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YEAR END TAX PLANNING IDEAS
With the year’s end fast approaching, here are some ideas to minimize your 2023 tax bill. The first idea is…
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TAX SAVING STRATEGIES FOR SOLE PROPRIETORS
Sole proprietorships are the most basic form of business organization. They are actually an extension of the person and are…
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DEALING WITH A FAMILY COTTAGE
When Jesse and Kae Burke purchased a vacation cottage 30 years ago, they knew it was a good investment, but…
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WHERE’S THE MONEY?
When Dora died on August 1, 2018, most of her assets passed by Will to her adult children and were…
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RRSPS, TAXES AND PROFITABLE INVESTING
The RRSP deadline for 2021 deposits is fast approaching on March 1st. Some of the basics of the benefits of…
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OPTIMIZING YOUR RRIF
Registered Retirement Income Funds (RRIFs) are one method of drawing an income from Registered Retirement Savings Plans (RRSPs) in retirement.…
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