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2020 Q2 Tax Tips & Traps Newsletter

I am pleased to announce that Tax Tips and traps is back! In this quarterly edition: Tax ticklers - Some points to considerStarting a business and not getting paid - Can I collect EI?Tips- Reporting IssuesReal estate sales- Taxable or not?Contributions of goods and services to an NPO- Tax ImplicationsHome accessibility renovation credit - Increase in Home Value?Working from home…

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May 16, 2020
Business / General Business / Main Pages / Newsletters / Personal Finance / Tax Planning / Tax Tips

Newsletter – Financial Relief For Canadians

This newsletter has been prepared to provide an overview of the tax measures and assistance available to businesses and families in the midst of the Covid-19 pandemic. A copy of this newsletter can be downloaded here. It is a concise summary of the measures announced up to and included Wednesday April 9, 2020. Discussed in the newsletter: Filing deadline and…

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April 9, 2020
Read more about the article Moving An IRA or 401(k) to Canada
RRSPs & RRIFs / US Taxes

Moving An IRA or 401(k) to Canada

If you have lived or worked in the U.S., you may have an Individual Retirement Account (IRA) or 401k plan. Leaving these accounts in the U.S. can be administratively challenging and you may wish to consider moving them to Canada. In certain circumstances, a person with a 401k or IRA may be able to rollover their U.S. retirement account to a Canadian…

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August 11, 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