The Story of Olivia And All About Us

Dec 12, 2018 | Retirement

Olivia has long been a fan of RRSPs, even preferring them over TFSAs for a lot of people. Basically, her logic goes like this. As long as you’re making a decent amount of money, you’ll trigger a nice immediate tax refund by investing in your RRSP. That refund can then...

Year-end tax tips for clients

Nov 25, 2018 | Taxation

Make the most of income splitting, passive income, donations and more Now is a good time to revisit tax planning with your client as the Dec. 31 deadline approaches. Top of mind this year for business-owner clients are tax changes for Canadian-controlled private...

Maximum pensionable earnings for 2019 and other updates

Nov 12, 2018 | Latest News

Both the maximum pensionable earnings and RRSP dollar limit have increased The Canada Revenue Agency has announced that the maximum pensionable earnings under the CPP for 2019 will be $57,400, up from $55,900 in 2018. Contributors who earn more than $57,400 won’t be...

Avoid unexpected tax on real estate purchases

Nov 12, 2018 | Taxation

Buying from a non-resident requires careful planning By Jamie Golombek , CA, CPA, CFP, CLU, TEP is the Managing Director, Tax & Estate Planning with CIBC Financial Planning and Advice in Toronto. October 15, 2018 October 15, 2018 Non-resident clients have...

Tips to plan for passive income

Nov 6, 2018 | Taxation

The article helps CCPCs retain small business deduction access in 2019 and beyond. If you are a business-owner and you know that you will be affected by the new passive investment rules, ensure you have effective planning in place. Those rules, introduced in the 2018...

Why the “Rule of 20” no longer works

Sep 24, 2018 | Retirement

Dwindling returns, especially on the fixed income side, mean the retirement “Rule of $20” no longer applies, according to Russell Investments. The strategy – which says a secure retirement is possible if you have $20 in savings for every $1 in annual income you...

BoC rate announcement, jobs data coming this week

Sep 5, 2018 | Latest News

In the absence of significant changes to the economic picture, the Bank of Canada is expected to hold the interest rate on Wednesday, while the U.S. and Canada are also expected to report continued job growth. National Bank is forecasting the BoC will maintain the...

Equity moves to consider – or not – late cycle

Aug 31, 2018 | Investing

While the bull run isn’t over yet, investors are making moves—or considering moves—in their equity positions. “We decided it was best to take one step in becoming a bit more conservative at this point in time,” says a weekly Richardson GMP market insight report....