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Viewpoints about News & Views
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Working from home? Don’t miss out on valuable tax savings
If working from home is your new normal, it could mean savings on your 2020 tax return — or even in years to come, depending on how long you work from home.
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Guarding beneficiary designations — recent developments
Recent legal challenges could keep funds from going to named beneficiaries. This summary includes some tips so advisors can help protect their clients’ intent.
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Tax planning in 2020 — COVID-19 considerations
Things Canadians should keep in mind for 2020 tax planning, because of economic problems caused by the COVID-19 pandemic.
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Speech from the Throne — What’s on our radar
The Speech from the Throne laid out the government’s agenda, and several things that were announced caught our attention — such as a number of new benefits, creation of a Canada-wide early learning and childcare system, and wealth inequality taxation. Here’s what our Tax, Retirement, and Estate Planning Services team will be keeping an eye on with government updates and legislation.
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Access retirement savings during a pandemic
Comparing Quebec’s COVID temporary income measure to a suggested RRSP withdrawal COVID measure.
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Taxation of COVID-19 measures
The government has provided immediate financial relief to help those impacted by the economic disruption of COVID-19. Learn more about the tax implications of these measures.
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Understanding the new RRIF minimum withdrawal rules
An in-depth review of the new reduced RRIF withdrawal rates that covers the implications and planning considerations.
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Changes to the tax return — pre- and post-COVID-19
Learn what is changing on your 2019 tax return including the recent COVID-19 changes.
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Extraordinary measures for extraordinary times
March 18, 2020, Prime Minister Trudeau announced a number of measures as part of the Government of Canada’s COVID-19 Economic Response Plan to support Canadian individuals and businesses. The following represents a high-level summary of measures of interest to investment advisors.
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Looking under the hood of the new basic personal amount
Breaking down the first Liberal government tax proposal. The enhanced basic personal amount will have a broad impact, but will that be significant at the individual level?
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