An Overview Of The Alternative Minimum Tax

Alternative minimum tax (“AMT”), introduced in 1986, was designed by the Department of Finance to ensure that high-income taxpayers could not structure their affairs to pay little or no tax. The concept behind AMT is to reduce or eliminate certain tax preferences available as part of the general taxable income calculation in a particular year. […]

Before The Tax Man Comes Calling

The Canadian income tax system relies on selfreporting, which means the system relies on taxpayers to disclose accurate complete information and comply with the rules. While the Canada Revenue Agency (CRA) has programs in place to catch nonreporters and it reserves the right to audit what a taxpayer reports, it simply cannot audit everyone. When the […]

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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...

DRIVEN TO DISTRACTION

Here’s how driving factors into insurance underwriting. Cassie Schneider Thanks to a clampdown on drunk driving, more use of seatbelts, and cars equipped with airbags and the technology to help avoid accidents, the number of deaths due to motor vehicle 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...