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Canadian Taxation

FATCA – US tax entrapment

January 14, 2014 | 0 Comments

FATCA facts: What Canadians need to know about new U.S. tax law “In six months, a little known U.S. tax law goes into effect that will affect people around the world, including Canadians. “Not only...

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More benefits of paying off your mortgage before investing in RRSPs Saying paying off your mortgage before investing in RRSP’s is good advice is like saying getting a loan to buy a new vehicle is...

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Canadian Taxation

Make it look like an accident

January 10, 2014 | 0 Comments

I’m not a huge fan of Jamie Golombrek’s writing at the Financial Post and here’s an example as to why. What does it take to be jailed in Canada for a tax offence? “Under our tax system,...

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Canadian_Retirement

Snowbirds, don’t hold your breath

January 9, 2014 | 0 Comments

Following up an article from August 29, 2013 – The Great Snowbird Migration – “Snowbirds may have to pay income tax in the USA – Canadians can stay in the U.S. for up to 180 days each year without a...

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Boom or bust?

January 8, 2014 | 0 Comments

Canada’s 2014 economic outlook: Boom or bust? “While most economists are calling for growth comfortably above 2 per cent this year, following a disappointing level set in 2013, at least one economist is calling for the...

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Today’s article relates to question #4 on the 2013 Personal Income Tax Questionnaire sent to clients. DO YOU HAVE A BUSINESS? This article is an attempt to give you an overview of certain aspects of reporting self-employment income.  ...

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Saturday Night Live gives financial advice

January 6, 2014 | 0 Comments

Today’s article relates to question #3 on the 2013 Personal Income Tax Questionnaire sent to clients. DID YOU HAVE ANY NEW CHILDREN IN 2013? As the questionnaire is sent to existing clients, I already have details relating...

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