Schneider Insurance Update

It’s been a month since our last update and things have not improved.  I’m not talking about the markets (they’re up), but rather the Coronavirus and its ramifications on society and the global economy.  A few days ago, the IMF confirmed what was starting to become clear during our last update. That the global economy […]

Spousal Support

From time to time Separation Agreements and the obligations and spousal support payments come under dispute. It is important to understand tax and other consequences when attempting to change or amend a separation agreement and to include your accountant and lawyer in the process. When couples experience a break down in their relationship, one of […]

The New (Old) Normal

Markets are likely to continue to bounce around with greater volatility than we’ve seen for the past decade. We’re calling it the New Normal.  A return to markets of old.    Fortunately, 2019 seems to be off to a good start as we’ve seen a rebound from a terrible month of December (which was the […]

EXPANDING THE CRA’S INVENTORY OF DATA ASSETS

In the 2017 federal budget, the government announced it was considering new ways to improve tax reporting requirements for trusts in order to better collect beneficial ownership data. This has led to an announcement in the 2018 federal budget that outlines the government’s intention to bolster the Canada Revenue Agency’s (CRA) ability to audit trusts […]

Preparing for Tax Season

As we enter a new year, the process of planning for the 2018 personal tax return season becomes top of mind for many. The primary objective is to ensure that the least amount of income tax is paid within the legal framework. The following are a few of the more commonly missed items when taxpayers […]

Increased Market Volatility May Be the New Normal

Wondering why the market has are becoming more volatile as of late?  Simply put, the U. S government has been borrowing too much money for the bond market to absorb over the last year.   That’s despite very strong corporate profitability, a good economy and the tax revenues that come along with it.   Gone are […]

PENSION INCOME SPLITTING CREATES SAVINGS OPPORTUNITY

Pension income splitting is a tax savings strategy designed to lower a couple’s overall family tax bill, leaving more disposable income. When filing their annual income tax returns, a couple can jointly elect to shift up to one-half of eligible pension income from the spouse in a higher tax bracket to the spouse in a […]

Dividend Taxation

The system in place to tax Canadian dividend income is designed to achieve “integration.” The intent of integration is to ensure that the combined total personal and corporate tax imposed on different types of income received directly or from a corporation is roughly equal. In other words, integration tries to ensure that there is no […]

Tax Return Filing Tips for 2014

Filing a tax return isn’t always an easy task. Taxpayers want to ensure they claim every deduction and credit to which they are entitled. This means spending time under- standing the opportunities. Reporting income is simplified for many types of income because T-slips are issued to the taxpayer. The Canada Revenue Agency (CRA) is quick […]

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The Coming Canadian Debt Calamity?

You may be in for a shock over the next few years as the well-meaning though overly generous Federal and Provincial government spending and policies come home to roost.   Canadians are borrowing money at a record rate bringing with it rapid inflation.  We a...

Hockey and the Coronavirus

We are Canadian. And so we think of things in Canadian terms.   Even in this upside-down year with hockey season being played at the height of the summer. Some of us (like Mark) like to use hockey analogies. And the timeline of a hockey game is actually a pre...