Author: The TaxLetter

The TaxLetter

The TaxLetter, published every month, shows Canadian investors the ins and outs of personal and small business tax planning.

The TaxLetter keeps subscribers up to date on Canada’s constantly changing tax laws and points out simple ways to cut taxes. With this unique publication, investors learn how to increase after-tax returns by using government regulations to maximum effect.

The TaxLetter is put together by a team of leading tax experts. These experts have served as tax advisers to some of Canada’s largest corporations and wealthiest investors. Through them, The TaxLetter draws on a wide network of tax professionals in order to offer Canadian investors the best in-depth expertise on specific ways to save including tax-saving investment strategies.

Article Index

My kids will never fight over my estate

Oh yeah? Mark Goodfield (aka The Blunt Bean Counter) encourages discussing your will with your family and explaining your intentions to avoid or minimize sibling estate issues.

In December 2019, I   Read More

Winding up a family trust

Discretionary family trusts have a tax life span of 21 years. Without proper planning, the family trust may be subject to a deemed capital gain, says tax lawyer Samantha Prasad.
The   Read More

My kids will never fight over my estate

Oh yeah? Mark Goodfield (aka The Blunt Bean Counter) encourages discussing your will with your family and explaining your intentions to avoid or minimize sibling estate issues.

In December 2019, I   Read More

9 generous ways to use CPP benefits

“There are no limits to the majestic future which lies before the mighty expanse of Canada with its virile, aspiring, cultured, and generous-hearted people.” Winston Churchill

Mark Halpern, a regular TaxLetter   Read More

Income splitting can lower your taxes

Earning one per cent on your money seems like a measly return. But earning one per cent on funds you loaned to family members—forever—that’s good news.
This article considers an income   Read More

Keeping it all in the family

To avoid anger, bickering and distrust during transition of a family business, WEALTHinsurance.com’s Mark Halpern advises a documented succession plan.
Planning for high-net worth family businesses is so important. If only   Read More

How much will I need to retire?

Mark Goodfield (aka The Blunt Bean Counter) takes a look at the popular rule-of-thumb “four per cent rule”.

The pandemic has brought retirement savings front and centre for far too many   Read More

9 ways to reduce your taxes

Financial planner Mark Halpern says now is the time to prepare for the tax increases that will help Ottawa pay for all its COVID relief efforts.

If only we could see   Read More

Your multi-generation cottage and taxes

Your cottage is a special place for the family. Mark Halpern of WEALTHinsurance.com explains the financial implications of dealing with a cottage for future generations.
Many Canadians who own a family   Read More

Giving to the grandchildren

Gift-giving season prompts Mark Goodfield (aka The Blunt Bean Counter) to look at some tax and other considerations regarding gifts to grandchildren.

Many grandparents ask me about the tax and practical   Read More

Your multi-generation cottage and taxes

Your cottage is a special place for the family. Mark Halpern of WEALTHinsurance.com explains the financial implications of dealing with a cottage for future generations.
Many Canadians who own a family   Read More

COVID-19 and small business owners

CPA Mark Goodfield (aka The Blunt Bean Counter), says COVID-19 made many owners aware of the impact a ‘black swan’ event can have on the value of their businesses.

Not to   Read More

Like grandma and grandpa used to play

Old tax returns aren’t as much fun as mountain music but they provided an eye-opening experience for Toronto-based accountant Mark Goodfield, a.k.a. The Blunt Bean Counter.

When I was a young   Read More

Investing like grandma

Shredding some old tax returns was an eye-opening experience for Toronto-based accountant Mark Goodfield, a.k.a. The Blunt Bean Counter.

When I was a young accountant and happened upon an estate return,   Read More

Q4 tax planning tips

Toronto-based tax lawyer Samantha Prasad LL.B. suggests ways that both employees and business owners can ensure their 2019 taxes are kept to a minimum.

The end of the year is in   Read More

RESPs: Free dollars for scholars

Registered Education Savings Plans were first introduced in 1974. The program encourages Canadians to save more towards the post-secondary education of their children.
By Mark Halpern, CFP, TEP

It’s that time of   Read More