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...

Read more

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...

Read more

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...

Read more

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...

Read more