Monthly Archives: July 2015

Read more about the article The Benefits And Dangers Of Joint Accounts
Estate Planning / Income Splitting / Wills & Estates

The Benefits And Dangers Of Joint Accounts

This articles discusses the general issues around joint accounts (in all provinces except Quebec). Why Have Joint Ownership? Many people set-up joint accounts for a variety of reasons. For a married or common law couple, it could be for the day-to-day management of expenses. The account provides all parties equal access to the funds in the account to pay bills and manage…

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July 22, 2015
Read more about the article Business Matters June 2015
Newsletters

Business Matters June 2015

The June edition of Business Matters is available directly from our website along with past copies as well as Tax Tips and Traps. Download Business Matters In this Edition …. Salary or Dividends The way a bonus is paid has a significant effect on corporate and personal after-tax income. You’re Hired Human rights legislation governs all hiring practices. Improve the…

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July 17, 2015
Read more about the article Taxing Day Traders TFSA’s
Tax Tips

Taxing Day Traders TFSA’s

If the CRA can latch on to something, they will. For most of us, the investment income we earn inside our TFSA’s are 100% tax free. However, if you are day trading inside your TFSA, the Canada Revenue Agency may come knocking. You see, under the Income Tax Act, there is a subtle but highly important distinction between a business…

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July 16, 2015