Several measures were introduced during 2020 to help Canadian businesses navigate the economic impacts of COVID-19. Often these measures included cash payments. This article provides an overview on what government assistance may be taxable to your business for 2020.
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?
For many families, it is much more important to preserve the family cottage than any other asset. Those who want to leave the cottage to their children must plan for the tax consequences and disputes which may arise upon their death. The concepts here apply to any vacation property, including a ski chalet or condo.
Whether you’re leaving a little or a lot, the key to protecting your loved ones is simple: just start.
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.
Whatever your motives, it almost never pays to look for quick investment returns when a pandemic breaks out.
Time in the market, not timing the market, is what builds wealth. John Maynard Keynes once famously noted “In the long-run we are all dead.” Investors can count on a similarly long-term truth: in the long-run stock prices rise, but in the short-run they are notoriously hard to forecast.
As a member of a blended family you need to pay careful attention to how your estate is structured to avoid inadvertently disinheriting your children.
As a business owner, having a well thought out tax and estate plan is key for financial success.