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Canadian dollar

Foreign exchange can throw off your tax-loss selling plans

A client example illustrates the importance of currency calculations

Two happy carpenters shaking hands with senior customer after successful agreement in a workshop.

Help your business owner client choose between salary and dividends

Use these tips to start the conversation

home ownership

Saving for a home using the FHSA

Proactively share these details with clients

Cartoon businessman running away from tax collector

Tax debts and the prescribed rate

Owing CRA money will soon be more expensive

man reading tablet and writing on paper

Claiming a foreign tax credit isn’t always guaranteed

Help your client avoid double taxation

retired women

Determining if a trip is a taxable benefit

The answer depends on your role

close up of woman counting money with calculator calculations

Help your client split income with a prescribed rate loan

Consider the strategy now before the rate rises on July 1

House bubble boom presentation on chalkboard. Concept photo of Real estate market bubble , booming, money,price, rent, grid, home, house, housing, industry and subprime mortgage crisis. (Copy Space)

CRA urges potential property flippers to amend tax returns

Campaign targets PRE abuse ahead of anti-flipping tax proposal

Close up of businesswoman using calculator while going through financial bills.

Help clients prep for tax filing

Keep these 5 items in mind this season

RRSP piggybank

Help your client avoid RRSP overcontributions

Penalties can result when “earned income” is misunderstood

woman with laptop

How to claim home-office expenses

Simplified procedures were extended for the 2021, 2022 tax years

tax penalty

CRA cracks down on home flippers ahead of new legislation

A recent court case illustrates the taxpayer troubles that can arise when selling a residence

Businessman Walk Over Cliff Gap Risk Mountain Balancing Flat Illustration

Rebalancing your client’s portfolio may require a balancing act

Considerations include a potential hike to the capital gains inclusion rate

Books and money coins in the glass jar zoomed by the magnifying glass on blurred natural green background and added colour filter for financial and education concept

Tax-efficient RESP withdrawals

Without a strategy, clients with large plans could be heavily taxed on payments

donation

Ottawa mulls disbursement quota changes

Consultation ends on Sept. 30

Help your senior clients prepare for OAS changes

Get ready for an OAS index adjustment, a one-time payment for “older” seniors and an extra 10% for seniors over 75

confused man

What exactly is a “reasonable” rate of interest?

Clients who borrow to invest may be intrigued by a recent court case on interest deductibility

woman with laptop

Beware of TFSA schemes

A new CRA warning sheds light on a scheme that’s too good to be true

female advisor with laptop

Help clients avoid TFSA overcontributions

Your clients may want to check their junk mail folder for correspondence from the CRA

Worried Young Couple Lying On Carpet Calculating Their savings, planning future, retirement fund

Relief for the repayment of Covid benefits

The federal budget has rectified a potentially harsh tax treatment of benefit recipients

advisor and client meeting

Worried about a possible increase to the capital gains inclusion rate?

Options for your clients to consider if they’re concerned about the inclusion rate increasing

businesswoman thinking

Why clients should contribute to RRSPs before the deadline

Some clients may be reluctant to maximize their RRSPs for fear of missing out on other tax advantages

work from home

How should clients claim home office expenses this tax season?

Help your clients choose between the detailed method and a temporary flat-rate method 

enior couple meeting advisor

Help clients plan for tax-efficient charitable giving

Three topics to discuss with your clients before the end of the year

woman sitting at laptop

Which home-office expenses can be reimbursed tax-free?

The CRA has provided more details on the types of home-office expenditures employees can be reimbursed for without incurring a taxable benefit