News

Phil Heisz Elder Planning Counselor

Press Release PHILIP HEISZ Qualifies as a Member Of “Elder Planning Counselor” Program TORONTO, ON – A nationally recognized designation, was conferred on Philip Heisz after successfully completing an intense and rigorous test of knowledge regarding current seniors issues.  The “Canadian Initiative for Elder Planning Studies” (CIEPS) course was established as a standard of service

Read More

When the CRA calls:

Jamie Golombek on his 10-month, transit pass reassessment saga Don’t panic if you get a plain brown envelope from the CRA — but some frustration may be unavoidable Originally posted Financial Post website. If you recently received a letter in a plain, brown envelope from the Canada Revenue Agency, chances are it was because your

Read More

CRA SCAM ALERT



Read More

In Defense of RRSPs

Read More

CRA to Tax Registered Investment Fees Paid From Open Accounts

Originally posted on  Advisor.ca By Melissa Shin If your clients pay their registered-account investment fees from open accounts, revisit that practice with them now. At the November 2016 Canadian Tax Foundation Conference, CRA told attendees that paying registered plan fees from non-registered, or open, accounts, will incur a tax penalty equivalent to the fee. CRA

Read More

Federal Liberals eye tax on private health

Originally posted on National Post December 2, 2016 by John Ivison Federal Liberals eye tax on private health and dental plans, a move that would take in about $2.9B The Liberal government is considering taxing private health and dental plans, in a measure that would raise about $2.9 billion, sources say. As many as 13.5 million

Read More

Top tax credits and benefits for seniors

January 18, 2017 Use this list to help your senior clients ensure they claim the most common tax credits, deductions and benefits for which they’re eligible. Read: Essential tax numbers Pension income splitting — Those who receive a pension may be eligible to split up to 50% of eligible pension income with a spouse or common-law partner. Guaranteed

Read More

New Rules for Principal Residence Exemption

In part one of a three-part series about year-end tax planning, Jamie Golombek, managing director of tax and estate planning with CIBC Wealth Strategies Group, explains how the changes to the principal residence exemption will affect every Canadian. Click here to register for Golombek’s 2016 Year-end Tax Planning webinar.

Read More