by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction There are many changes coming for retirees tapping into CPP, so now is a great time to update your knowledge and plan for some tax efficient retirement income planning strategies. Service Canada has produced a detailed fact sheet, Changes to the Canada...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction In this global society, it is common to seek pastures further afield. Many people purchase property in the US either as a holiday home or as an investment. When doing so, very little regard is often given to the international taxation implications of the...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Overview The Canada Revenue Agency (CRA) wants to make sure you are paying the correct amount of taxes-not too much and not too little. Each year, more taxpayers file their income tax and benefit returns online using NETFILE or EFILE. Although electronic filers do not...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Commonly Used Strategies To Reduce Probate Fees Include The Following: Holding property in joint name with right of survivorship (outside of Quebec).NOTE: Be aware that there are numerous problems associated with this strategy, especially where the joint owner is not...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction This article explains the need for a clearance certificate issued under the Income Tax Act. To request a clearance certificate, complete Form TX19, Asking for a Clearance Certificate . Also, provide the documents required for on Form TX19....
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction You’ve known Glen for a long time, way back to when he and Mary moved down the street from you. Your families got to know each other through school plays and sports outings. Good neighbors became good friends, and eventually clients. After Glen passed...
Recent Comments