by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
On April 30, 2010 Finance Minister Flaherty unveiled Draft Legislation and Explanatory Notes related to changes in the TFSA effective after October 16, 2009. Highlights of the changes are as follows: New Penalties for TFSA Abusers Although Tax-Free Savings...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Over the last few years, the U.S. has significantly increased compliance requirements and penalties for U.S. persons who have foreign (non-U.S.) assets. A “U.S. person” includes a U.S. citizen, Green Card Holder or U.S. resident. The Hiring Incentives to...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction It is often very difficult to cope after the death of a spouse. In addition to the many personal struggles, you have to manage the finances in order to ensure that your spouse’s estate is properly administered and to protect your financial...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
February is the one month every year when most Canadians think about how to invest their hard-earned money. For many years, the big question has been, “Should I contribute to my RRSP or pay down my mortgage?” Now, there’s an added flavour in the mix – the...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction Estate planning involves much more than the preparation and periodic update of your will. It is a multifaceted, lifelong event requiring reflection and expansion as you reach milestones in your life and your career. What is an Estate Plan? An estate...
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