Archives

  • A Recent U.S. Tax Reform is Impacting Canadians Receiving Alimony
    Started by

    A Recent U.S. Tax Reform is Impacting Canadians Receiving Alimony

    In this blog, find out how a recent shift in how the U.S. treats alimony payments has resulted in a difference in tax treatment between the U.S. and Canada on alimony paid and received. After years of an unhappy marriage, John and Kathy decided to separate. Kathy moved to live in Colorado and John remained at his home in Ontario. In January 2019, they fina...

    Continue reading »

  • Free and Clear? Understanding Contingent Disposition Costs
    Started by

    Free and Clear? Understanding Contingent Disposition Costs

    Often, slow and steady wins the race. After years of saving, it isn’t unusual to have acquired a family cottage, retirement savings in your RRSP, investments accumulating in your business, and a rental property on the side. But if you withdraw the $1,000,000 from your RRSP, will you be left with the whole $1,000,000? If your real estate agent recommends a...

    Continue reading »

  • Valuing Your Book of Business
    Started by

    Valuing Your Book of Business

    As an investment advisor, you work hard to create and maintain a profitable book of business. The many years spent with clients to develop relationships, build trust, and understand investment objectives result in significant value to both the brokerage and you as an investment advisor. At some point during your career as an advisor, it may be important to...

    Continue reading »

  • Bookkeeping vs Accounting – who do you need?
    Started by

    Bookkeeping vs Accounting – who do you need?

    Incorporated companies, no matter how big or small, need to prepare financial statements and file corporate tax returns. They usually also need to file HST returns and pay source deductions and prepare T4s. But who do you need? A bookkeeper or an accountant? Actually, you probably need both. In short, bookkeeping is the day-to-day work or the skilled work ...

    Continue reading »

  • Change Happens – Updating Your Shareholder Agreement
    Started by

    Change Happens – Updating Your Shareholder Agreement

    Life takes all kinds of twists and turns. For business owners, the last thing you need is to be caught unprepared. People often take reasonable measures to counter the uncertainties of life – building up emergency cash reserves, having adequate insurance policies, and creating a last will and testament. However, for business owners, having a thorough and ...

    Continue reading »