First Home Savings Account

September 14, 2023 |Charles W. Cullen III
Canada's newest registered plan is officially online. For those you are looking to buy their first home, this is a terrific tool. For more information, please reach out.
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RRIF Payments and Withdrawals

September 07, 2023 |Charles W. Cullen III
As many approach retirement, it is now time to consider converting their RRSP to RRIF and begin taking withdrawals. This article covers several considerations associated with receiving income from your RRIF. For more information, please reach out. Click...
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Alternative Minimum Tax (AMT) and the Proposed Changes that may Affect High-Income Earners

August 31, 2023 |Charles W. Cullen III
Although not yet law, the government has proposed changes to the Alternative Minimum Tax (AMT) that may now impact you, when it may not have in the past. For more information, please reach out. Click Here
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Succession Planning for your Canadian Vacation Property

August 24, 2023 |Charles W. Cullen III
Vacation properties are often a source of great personal enjoyment and family memories. To keep the property within the family, there are various tax implications and strategies to be aware of that can be used in passing ownership onto the next generation...
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Moving from Canada to the U.S.

August 17, 2023 |Charles W. Cullen III
Your planning on moving to the U.S. - for a job, to avoid the winter, to be with family - whatever the reason, it is important to be aware of the tax and estate planning issues that may arise as a result of your move and any planning opportunities you...
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Taxation of Canadian Registered Savings Plans for U.S. Persons

August 10, 2023 |Charles W. Cullen III
In Canada, we have a number of registered savings plans available to Canadian residents that provide tax and other benefits. However, some of these plans, for U.S. persons, may be subject to punitive U.S. tax, additional U.S. tax filing requirements and/or...
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Withdrawing from an RESP

July 27, 2023 |Charles W. Cullen III
With back to shool only a few weeks away, it may be time to review the rules surrounding an RESP withdrawal. This article looks at withdrawing from the plan as well as non-resident issues. For more information, please reach out. Click Here
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Buy-Sell Agreement

July 20, 2023 |Charles W. Cullen III
Many private corporations have more than one shareholder. What happens when one dies, retires, or if there is conflict? A buy-sell agreement generally is put in place to deal with these issues before the arise. For more information, please reach out....
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Investment Holding Companies

July 13, 2023 |Charles W. Cullen III
Planning not only taxes payable in a corporation as well as the taxes payable when withdrawing the funds is never easy. To help paint a clearer picture, please read the following article - for more information, please reach out. Click Here
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Salary Versus Dividend Income

July 06, 2023 |Charles W. Cullen III
Should you pay yourself a salary or dividends out of your corporation? What other non-tax considerations are there? For a general overview, please read the following article - for more information, please reach out. Click Here
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