A remedy for business owners suffering from pension envy

Nov 05, 2018 |William Vastis
If you are a business owner eager to enjoy similar benefits of those offered by the defined benefit pension-plans, the Personal Pension Plan (PPP) may be an option for you.   To learn more about the PPP check out this article written by Jonathon Chevreau...
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Canadian Vacation Property Sucession Planning

Oct 29, 2018 |William Vastis
Vacation properties go by many names: cottage, chalet, camp, cabin or secondary home. Regardless of what they call it, many Canadians receive great personal enjoyment from their vacation property. Some owners feel it is important to keep the vacation...
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Creating RRSP contribution room for a minor

Oct 22, 2018 |William Vastis
Filing a tax return for your child that has earned income will allow them to generate RRSP contribution room and open an RRSP. By being able to open and contribute to an RRSP, your child may learn the benefits of saving and tax efficiency strategies in...
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How to make a success of succession when passing on the family business

Oct 15, 2018 |William Vastis
Following along our summer theme of managing family business, and succession planning here is another great article from the Globe and Mail on how to successfully transfer the reigns of a family business. The article tells the story of a Toronto father...
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Donation of employee stock options

Oct 08, 2018 |William Vastis
As an employee, you may have been granted stock options by your employer. Generally, there are no tax implications when the stock options are first granted to you. However, when you decide to exercise the options, you will realize a security options benefit...
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Taxation of business income in a corporation

Sep 17, 2018 |William Vastis
Today we continue with our series of articles that explains how different types of income are taxed in a corporation and explore some of the key issues to consider when you have surplus cash in your corporation.   The purpose of this article is to review...
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Charitable Donations Through Your Corporation

Sep 03, 2018 |William Vastis
If you are a business owner you can potentially benefit from additional tax efficiency strategies. To encourage charitable giving, the government provides a corporation with a tax deduction when the corporation makes a donation to a registered charity...
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Tax Planning Checklist for Students

Aug 27, 2018 |William Vastis
If you are a student or are considering a return to school, you may wish to take advantage of all the tax credits and deductions available to you as a student. This checklist provides a useful quick reference for the most common federal tax credits, deductions...
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Establishing a Registered Education Savings Plan

Aug 20, 2018 |William Vastis
As it is almost time to go back to school there are many parents, grandparents and other family members that may be recognizing the high costs of education. The Registered Education Savings plan (RESP) has become a very popular way to save well in advance...
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Moving to Canada

Jul 17, 2018 |William Vastis
Are you a newcomer to Canada, or have you ever had an extended time away and thinking of moving back? If either of these describe your current situation, check out the article below that has an overview of the Canadian tax system and planning strategies...
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