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WEB2 days ago · Stock Picks as Monetary Policy Eases. Easing cycle will have positive impact on interest-sensitive sectors. Crystal Maloney, CFA, CPA, CMA August 19, 2024. From. Webinar. News and resources for Canada's top financial advisors.
Filing the T3 tax return | Advisor.ca
WEBFeb 17, 2018 · Learn what a T3 is, when and how to file it as an executor of an estate. Find out the differences between a T3 and a T1, and the decisions and elections that can affect the tax liability of the estate and the beneficiaries.
What the disability tax credit means for eligible Canadians and …
WEBMay 14, 2021 · Learn how to qualify for the disability tax credit (DTC) and access tax savings, credits, deductions and programs for Canadians with disabilities and their families. Find out how to apply, calculate and claim the DTC and its provincial counterpart, and explore other tax benefits and planning tools.
Joint property ownership: problems and pitfalls | Advisor.ca
WEBSep 19, 2011 · Learn the advantages and disadvantages of holding property in joint tenancy with right of survivorship, and the tax and legal implications of this estate planning tool. Find out how to avoid common pitfalls such as creditor exposure, loss of …
CRA to charge 10% interest on tax owing | Advisor.ca
WEBOct 25, 2023 · The CRA will charge 10% interest on late payments and 6% on family loans in the first quarter of 2024, based on the current Treasury bill yields. The prescribed rate is adjusted quarterly and affects tax planning strategies such as prescribed-rate loans.
IDA warns of online scam | Advisor.ca
WEBAug 24, 2006 · The IDA is warning member firms and their clients of a new online scam, which not only costs investors their savings, but also manipulates micro-cap stock markets. There have been a number of complaints from clients that unauthorized trades have taken place in their online accounts. While the IDA is not sure how account access is …
When to use a codicil (and when to rewrite the will)
WEBJan 25, 2018 · A codicil is a small amendment to a will, while a new will is a complete document. Learn when to use a codicil and when to rewrite the will, and the pros and cons of each option.
Cross-border gift tax issues for Canadians | Advisor.ca
WEBFeb 8, 2019 · Because Canadians gifting U.S. property can access the annual exclusions of US$15,000 and US$155,000 but not the lifetime exemption for gift tax purposes, Canadians who make gifts of U.S. property above these thresholds must file a U.S. gift tax return and pay any gift tax owing. This exposure leads to two cross-border tax traps for snowbirds ...
New trust reporting rules include in-trust accounts, jointly owned ...
WEBDec 13, 2023 · Learn how the new trust reporting rules apply to in-trust accounts, jointly owned assets and bare trusts for taxation years ending after Dec. 30. Find out what information to report on T3 Schedule 15 Beneficial Ownership Information of a Trust and the exceptions and penalties.
Transferring a 401(k) or IRA to Canada | Advisor.ca
WEBNov 26, 2020 · The short answer is no. Both the federal Income Tax Act (ITA) and the Canada-U.S. tax treaty provide for continued tax deferral of U.S.-based retirement plans for planholders living in Canada, just the same as if the planholder were living in the U.S. Canadians who own Roth IRAs — the U.S. equivalent of a TFSA — must file a one-time ...
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