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Prescribed Rate Loans can be a very effective strategy to transfer portfolio earnings from a higher earning spouse to a lower earning spouse. Interest payments are due each year by Jan 30th. Click Here

When the end of the year approaches, many individuals place a greater focus on tax planning to minimize their income tax liability. Beyond the end of year, however, there are some areas of tax planning that often get overlooked. For example, there are...

The Canadian income tax system is based on Canadian residency status. A common misunderstanding is that it is based on citizenship or immigration status. You may actually be considered a resident of Canada for income tax purposes even if your are not...

From a tax prospective, as U.S. citizens, even though we currently reside outside of the U.S., we are subject to the U.S. tax system. This may result in certain U.S. income tax obligations, even if we don't earn U.S. source income. Renouncing U.S. citizenship...

I regularly have clients who move from Canada to the U.S. We help their planning before they move and after they move. Please call us with any questions to see if we can help. Click Here

If you receive a bonus or other lump sum payment as part of your compensation, and you have RRSP contribution room, considering asking your employer to pay the amount directly into your RRSP without withholding tax. This article explains how this can...

Sometimes you may realize a capital loss on the sale of your securities or you may own securities in a loss position. This article summarizes the tax rules and opportunities surrounding capital losses that you have realized or may realize in your non-registered...

Since Canada represents only a small percentage of the world's economy, many Canadians invest in the U.S. stock market to diversify their portfolios. As a result, it's important to have a general understanding of the tax issues associated with such investments...

With the high cost of post-secondary education, many parents and other family members recognize the need to save for the future expenses. That's why the registered education savings plan (RESP) is such a popular savings vehicle. Not only is the tax on...