2017 year-end tax planning RRSP Planning Opportunities

Nov 23, 2017 |Colleen O’ Connell-Campbell
Receiving a year-end Bonus Receiving a bonus prior to year-end creates additional Registered Retirement Savings Plan (RRSP) contribution room for 2018 if you have not yet reached the maximum 2018 RRSP limit. Furthermore, receiving a bonus prior to year-end...
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2017 year-end tax planning Tax planning for business owners

Nov 22, 2017 |Colleen O’ Connell-Campbell
If you own a business, you may want to consider the following strategies. Consider an Individual Pension Plan If your business is incorporated, as a shareholder and an employee of your business, you have the option of considering an Individual Pension...
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2017 year-end tax planning Tax Loss Selling

Nov 21, 2017 |Colleen O’ Connell-Campbell
Tax loss selling If you have realized capital gains during the year, and you are holding securities with unrealized losses, consider selling those securities to realize the loss. This strategy of selling securities at a loss to offset capital gains realized...
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The power of personal influence

Nov 20, 2017 |Colleen O’ Connell-Campbell
When you think of the people who have impacted you in your lifetime, what qualities do you feel they instilled in you? Would you be the person you are without having known them? My greatest influence in life has been my father and it is his gift of tolerance...
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Opportunities to reduce your 2017 tax bill

Nov 16, 2017 |Colleen O’ Connell-Campbell
As year-end approaches, taking some time to review your financial affairs may yield significant tax savings.  To ensure that you leave no stone unturned, we will be posting a series of blogs, beginning next week, summarizing some common year-end tax planning...
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The enriching benefits of attending a work conference

Nov 06, 2017 |Colleen O’ Connell-Campbell
Next week, I have the pleasure of attending the IGNITE IV conference, hosted by Distinctive Women. I also have the honour of being nominated for Professional of the Year for the 2nd time. Conferences like this are obviously great opportunities for knowledge-building...
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Update on Private Company Tax Proposals

Oct 30, 2017 |Colleen O’ Connell-Campbell
On July 18, 2017, the Department of Finance released a consultation paper, along with explanatory notes and draft legislation, proposing a number of tax changes that were aimed at private corporations.  The changes were intended to remove the perceived...
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Refresh Your Passion

Sep 27, 2017 |Colleen O’ Connell-Campbell
At the end of April, I was honoured to take part in “Refresh Your Passion” held at the Ben Franklin Centre in front of a group of 100 people – an event organized by Ottawa author and inspirational public speaker, Kathie Donovan. The day is referred to...
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Fore-Play for Charity golf tournament raises $10,000 for mental health research

Sep 25, 2017 |Colleen O’ Connell-Campbell
Raise your hand if you’ve been personally affected by a mental health illness. Has it touched a close friend, relative, spouse or coworker? Statistics report that one in five Canadians, more than 7 million people, will experience mental illness in their...
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Potential Tax Changes for Private Corporations

Jul 20, 2017 |Colleen O’ Connell-Campbell
The 2017 federal budget identified tax planning areas where the government feels that some owners of private corporations have gained unfair tax advantages.  On July 18, 2017 Federal Minister of Finance, Bill Morneau, announced the release of a consultation...
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