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 […]
Tax-Free Savings Accounts (TFSA) have become integral to the financial plans of many Canadians. During the 10-years since inception, the TFSA has proven to be a multi-purpose vehicle helping Canadians meet their long-term savings goals. When structuring a loan, a TFSA plan holder is permitted to use the interest in their TFSA to secure the […]
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 […]
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 […]
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 […]
