2024 Year-End Tax Planning for Individuals

November 14, 2024 |Charles W. Cullen III
As 2024 comes to a close, there are many items to cross off our "to do" list before 2025. One item that should not be overlooked is any opportunities to reduce your tax bill. To help ensure you leave no stone unturned, click the link. For even more information...
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RRSP Strategies at Age 71

November 07, 2024 |Charles W. Cullen III
Many are aware that in the year you turn 71 you must convert your RRSP to a RRIF. However, not as many are aware of the potential to use RRSP room generated during that final year. Click the link to find out how. As always, reach out for even more details!...
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Quarterly Tax Instalments

October 31, 2024 |Charles W. Cullen III
Very few enjoy paying tax. What can be even worse is being told you need to pay tax installments as a result of insufficient withholding tax. To learn how it works and the conditions where you are required to make tax installments, click the link. For...
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Pension Income Splitting

October 24, 2024 |Charles W. Cullen III
Many families have the opportunity to shift certain types of retirement income to a spouse who's taxed at a lower rate. This articles summarizes these rules, for a more detailed look at your situation, please reach out. Click Here
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Registered Retirement Savings Plan (RRSP) Maturity Options

October 17, 2024 |Charles W. Cullen III
For those that turned age 71 this year, you must convert your Registered Retirement Savings Plan (RRSP). There are several options you can pick from, each with their own benefits and drawbacks. For help deciding what option is best for you, please reach...
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Pension Income Tax Credit

October 10, 2024 |Charles W. Cullen III
For those age 65 or older, taking advantage of the pension income tax credit may make sense. To learn how it works, what income qualifies and how to structure your retirement holdings to take advantage of this credit, you can read this article. As always...
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Managing the Tax Impact of Realizing Significant Capital Gains in 2024

October 03, 2024 |Charles W. Cullen III
With the federal budget changing the inclusion rate for capital gains, people now more then ever are looking at potential strategies that may help mitigate and manage the impact. This article discusses some of these strategies - to see if they are applicable...
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Canadian Non-Resident Withholding Tax

September 19, 2024 |Charles W. Cullen III
For non-residents of Canada that have Canadian sourced income, it is important to understanding the potential withholding tax implications. As always, for a more detailed discussion, please reach out. Click Here
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Locked-in Retirement Plans

September 13, 2024 |Charles W. Cullen III
What happens to your employer pension plan when you leave your current employer? Typically, you will have a few different options to consider. This article walks through some of the considerations. For more information on what is best for your specific...
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Principal Residence

September 05, 2024 |Charles W. Cullen III
For many, purchasing your primary residence is the largest purchase you will make in your life. This article discusses a number of tax and estate planning questions surrounding the principal residence exemption. As always, for more information, please...
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