When most of us think of year-end tax planning, we typically consider our personal situation. Yet, there are many tax-opportunities for business owners to explore as we near the end of another calendar year. The following tips assume your business is unincorporated or your corporation has a December 31st year-end, although some tips may also apply to corporations with an off-calendar year-end.
At IG Private Wealth Management,we believe it takes a careful mix of expert financial knowledge and agility to get the best from today’s markets. That’s why we developed the iProfile Private Portfolios.
Canadian professionals including physicians, lawyers, dentists, and veterinarians choose to create a professional corporation for a wide variety of personal and financial reasons. Is it right for you?
Adding your adult child as a joint owner to your property could have unintended tax and legal consequences
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Explore how recent changes to amended tax on split income (TOSI) rules apply to and have affected personal rates of tax, pension splitting, taxable capital gains, property and more.
Time in the market, not timing the market, is what builds wealth
If you’re a U.S. taxpayer, learn about the additional information we can provide which allows you to make an important election for your investment in Canadian mutual funds and will make it easier to file your U.S. tax return.
There’s an easier way to help you shape your philanthropic legacy. Continue your tradition of charitable giving and experience the benefits of a private foundation, without the upfront costs and administrative responsibilities.
Upcoming changes to the Global Industry Classification Standard (GICS®) system promise to shake up strategies and methodologies of investors large and small. Some of the changes could make mutual funds and ETFs that have been market darlings significantly less attractive to investors. Sector classification changes set to upend allocation strategies Stephen Rogers, Investment Strategist. The system used by virtually all...
As a business owner, having a well thought out tax and estate plan is key for financial success.