by import | Nov 15, 2015 | Blog, Estate Planning, Tax Planning
Estate, trust and tax planners have long favoured testamentary trusts as vehicles to pass along assets to beneficiaries or heirs. A testamentary trust is generally a trust or estate that is created the day a person dies. Commonly, these trusts are established in a...
by import | Sep 15, 2015 | Blog, Corporate Insurance, Tax Planning
As a business owner, you may be aware that when you dispose of shares in your business you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which says that, for...
by import | Jan 28, 2015 | Articles of Interest, Blog, Life Stages, Tax Planning
By Krista Seggewiss, BrighterLife.ca Whether you’re selling or planning to leave your family home, farm or cottage to your kids, it pays to be prepared for the tax implications. If you’re like many Canadians, you will probably hold your real estate assets — your home,...
by import | Dec 18, 2014 | Articles of Interest, Blog, Tax Planning
By Anne Levy-Ward, BrighterLife.ca If you’re like many Canadians, your mailbox is jammed in the holiday season with greeting cards, mail-order catalogues, promotional calendars, sale flyers — and requests for charitable donations. While you probably enjoy catching up...
by import | Nov 27, 2014 | Blog, Tax Planning
With the New Year fast approaching, now is a good time to consider ways to improve your tax position. There are still many time-sensitive issues that you should address before January 1 and in early 2015 that can help take a bite out of your 2014 personal income...
by import | Mar 27, 2014 | Blog, Corporate Insurance, Life Insurance, Tax Planning
In August the Department of Finance published their changes to the taxation of life insurance as previewed in March 2013 Federal Budget. When final legislation is passed later this year, these changes will result in an updating to the “exempt test” which determines...
