Wealth Strategies: Kidnap & Ransom Insurance - The Unspoken Liability

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Wealth Strategies: Do You Need a Personal Directive?

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Wealth Strategies: Considerations for Commencing CPP & OAS

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Wealth Strategies: Income Splitting - Post TOSI (Tax on Split Income) Revisions

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Wealth Strategies: Maternity/Parental Leave - Strategies To Capitalize On

Maternity or parental leave is not always planned; however, there are several ways one can still take advantage of a lower year(s) of taxable income for those with salary levels at higher marginal tax rates....

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Wealth Strategies: Family Farms & Fisheries Tax Treatment - Bill C208 Passed

Tax treatment of intergenerational transfers of family farms and fisheries has been a long-standing issue facing many Canadians, after several prior failed attempts to amend this, Bill C-208 has thankfully and finally addressed this concern and offer...

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Wealth Strategies: Federal Budget Legislation Moves Forward - Stock Options & Annuities in Registered Plans

New Federal legislation is moving forward and will adopt several measures from the prior proposals drafted in June 2019, as these were stalled due to the onset of the pandemic last spring. The bill will specifically implement changes to the Income...

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Wealth Strategies: Political Donations Yield Sizable Tax Credits

Political donations are, first and foremost, to demonstrate support for the party or candidate of your choice, but the tax benefits are perhaps more than most Canadians realize. They may be either Federal or Provincial/Territorial, each with varying...

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Wealth Strategies: Family Income Splitting Loans - Reduced to New Prescribed Rate of 1%

Income splitting strategies are always top of mind in order to minimize taxes, especially with many options being eliminated and/or reduced significantly by CRA in recent years. That said, CRA recently updated their prescribed loan rate for family...

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Wealth Strategies: Government Support for Business Owners During Covid-19

We continue to receive information and amendments on federal government aid packages available for small and medium-sized businesses affected by the COVID-19 situation. This includes both wage subsidies and credit through the Canada Emergency Busines...

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