Monthly Archives: May 2010

Read more about the article Are Taxable Benefits Really A Benefit?
Personal Finance / Tax Planning / Tax Tips

Are Taxable Benefits Really A Benefit?

Many employers offer a range of benefits to their employees. The value of fringe benefits are considered taxable benefits and are included as income on your paycheque. This begs the question: Are fringe benefits really a benefit? It is possible to get the same benefits yourself for less? You need to know your marginal tax rate, how much benefits will cost you and…

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May 21, 2010
Read more about the article Understanding The Types of Trusts
Wills & Estates

Understanding The Types of Trusts

There are two different types of personal trusts referred to in the Income Tax Act: Testamentary trusts and inter vivos trusts (Inter vivos literally means "among the living"). Testamentary trusts arise out of or on the consequence of the death of an individual and an inter vivos trust is any other personal trusts that are not testamentary trusts. Note however…

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May 9, 2010