Charitable Donations through your Corporations
To encourage charitable giving, the government provides a corporation with a tax deduction when the corporation makes a donation to a registered charity. The deduction reduces the corporation's taxable income which will reduce the corporation's taxes. This article provides an overview of how your private corporation can qualify for the donation tax deduction and the tax benefits of donating publically traded securities in-kind.
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2018 Federal Budget's Tax Measures
The article highlights key tax measures that are of most interest to Canadian Investors.
If you have any questions about the Budget, how it impacts you, or any other wealth management issues, please let us know.
2018 Handy Financial Planning Facts
The article summarizes some common financial planning-related information for topics such as:
- U.S. Limits
- Government Links
Tax Planning Strategies for High Income Earners
Depending on your province of residence, you may be subject to tax at a rate of 50% or higher when your income exceeds $200,000. This article highlights a non-exhaustive list of tax minimization strategies to consider with your professional advisor.
Investment, Tax and Lifestyle perspectives
Written by the experts at RBC Wealth Management, Perspectives magazine highlights topical issues relevant to high-net-worth investors and addresses their wealth management concerns – from insights on tax strategies to family and lifestyle interests.
Tax Strategies: Investment Holding Companies
On July 18, 2017 the federal government released a consultation paper proposing a number of strategies which target private corporations with regards to income splitting, multiplication of the lifetime capital gains exemption, holding a passive investment portfolio inside a private corporation and converting a private corporation's regular income to capital gains.
The strategies discussed in this article may be affected by the proposed measures in the consultation paper and the accompanying proposed legislation. If you are an owner of a private corporation you should consider the potential impact of the proposed measures and discuss the implications with your Advisor.
Early 2018 Tax Tips
The article covers some common tax planning strategies that you may want to consider early in the new year.