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An RRSP must mature by December 31 of the year in which you turn 71. However, RRSP contribution room is based on your previous year's income. This article outlines potential strategies that will allow you to benefit from your age 71 earned income (which...

Are you approaching retirement or have retired recently? There are several approaches you may want to consider to maximize your after-tax retirement income. For more information on how best to make your dollars last, please reach out. Click Here

As you approach age 65, you may have questions about the Old Age Security program. This article discusses the OAS pension, how it is calculated, and strategies that may help you minimize the impact of the OAS clawback. Click Here

Ever wonder how your CPP contributions will help you in retirement? This article examines how the plan works, your choices and the implications of those choices. For more information, please reach out. Click Here

The U.S. Foreign Account Tax Compliance Act (FATCA) seeks to identify U.S. persons who may evade U.S. taxes by placing assets in non-U.S. accounts. This article discusses who this effects while providing an overview of FATCA. Click Here

While a resident of Canada for tax purposes, you are taxable in Canada on your worldwide income. However, for those that move and are no longer residents, you are only liable for Canadian tax purposes on Canadian source income. As always, for more information...

For Canadians who spend a substantial time in the U.S., you must be aware that you may be required to file a U.S. income tax return. Knowing how the U.S income tax law is imposed may help you prevent unpleasant surprises and costly penalties. For more...

For U.S. persons living in Canada, understanding your U.S. tax exposure and potential strategies to minimize it can be extremely important. For more information, please reach out. Click Here

The U.S. is one of the few countries in the world that levies tax on your worldwide income or worldwide estate based upon citizenship and residency status. As a result, it is important to determine your U.S. status, irrespective of the fact that you are...