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Latest news in Jamie Golombek

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Understanding new Covid benefits can be a taxing process

Your clients may need to set aside funds to cover a potential tax bill in April

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Help your clients plan for instalment payments

Clients can minimize payments by choosing the calculation method that best suits them

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After the CERB…

Breaking down eligibility requirements for three new government benefits

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Tax compliance for clients with U.S. property

The CRA has taken an interest in U.S. real estate transactions

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Prescribed rate loan planning

Help your clients with their income splitting strategies

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Help your clients plan for tax owing on CERB payments

Payments must be reported as income for the 2020 tax year

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Is it time for temporary, tax-free RRSP withdrawals?

Many retirees are ineligible for the government assistance being offered during Covid-19

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Help your clients navigate new RRIF rules

The federal government has lowered the minimum RRIF withdrawal rate for 2020

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Looking ahead to the federal budget

The C.D. Howe Institute’s “shadow budget” makes a number of recommendations for the feds to consider

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RRSP season or TFSA season?

Some clients may be better off contributing to a TFSA, but their contribution room will depend on when they turned 18

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TFSAs for 2020…and beyond

A report suggests the feds could make TFSAs even more useful

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Year-end charitable strategies for your clients to consider

Help your clients navigate charitable donations, tax-gain donating and donor-advised funds

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Potential tax changes in light of a Liberal minority

Help clients understand how previously announced tax changes could come to light

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Foreign pension income is usually taxable

Help clients understand — and budget for — taxes on their foreign pensions

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Advisors can help clients avoid TFSA overcontributions

Investors who may have overcontributed to their TFSAs face harsh penalty tax

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‘Loss of source’ rule may come in handy

Investors who borrowed money to purchase a now-defunct investment can still write off interest on the loan

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New stock options rules introduced

What advisors need to know before the rules take effect in January

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Appeal Court upholds RRSP overcontribution penalties

Recent FCA case confirms lower court decision denying relief of overcontribution tax, penalties and interest

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A cautionary tale on interest deductibility

A recent FCA case confirms a lower court’s decision restricting interest deductibility when ROC is involved

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Canadians love their tax refunds

Advisors can play a huge role in helping clients understand how taxes affect their investments

Jamie’s top RRSP tips for clients

As the annual contribution deadline approaches, here are three ways to help your clients get the most from their RRSPs

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Start 2019 off on the right tax foot

Your employee and retiree clients could take advantage of these astute tax-planning strategies for the current taxation year

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Taking advantage of TFSAs

With the annual dollar limit increasing in January, there’s no reason why your clients shouldn’t take advantage of this tax-free savings and investment vehicle

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Top yearend tax tips

Make sure to discuss tax-loss selling, tax-gain donating and RRSP strategies with clients to whom these strategies apply

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TFSA advantage can lead to a tax of 100%

Next time a client has a desire to play games with his TFSA, point out this harsh — but legally valid — punitive tax