Year-end tax tips for clients

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...

Avoid unexpected tax on real estate purchases

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

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...

Tax traps when converting a home to an income property

Frank Di Pietro / August 8, 2018 Many Canadians are aware of the principal residence exemption (PRE), which shelters income tax on the capital gain when a property is sold or deemed sold. Each family unit (generally, a Canadian taxpayer, along with a spouse or common...