Down markets and negative rates of return are generally not good news. However, a potential silver lining is that realizing capital losses can reduce capital gains and taxes payable. If you or your spouse¹ have realized capital gains in the last three years, consider selling an investment that has dropped in value to recover the taxes paid on those gains.
The Corporate Estate Bond concept is a simplified analysis that compares corporate-owned life insurance to a taxable alternative investment.
Interest deductibility.
What they are and how to use them.
The deductibility of investment management fees.
New tax amendments that supports family business succession.
Understanding similarities and differences compared to mutual fund trusts.
Useful advice to help Canadians reduce their tax bills.
The federal budget fiscal response to COVID-19.
Tax consequences of transferring a policy out of a corporation
Exempt life insurance enjoys many tax benefits. The death benefit under an exempt policy is tax-free.
Some notable tax insights that could have widespread influence on Canadian taxpayers’ 2020 returns.
Your clients have worked hard to build their businesses, and now it’s time to consider next steps.
