Tax upside of moving
The TaxLetter •2023-02-07 •
Discover a silver lining that comes from moving for school or work from The Tax Letter.
Find out if you qualify for this tax benefit
My eldest daughter is moving into her Read More
The TaxLetter •2023-02-07 •
Discover a silver lining that comes from moving for school or work from The Tax Letter.
Find out if you qualify for this tax benefit
My eldest daughter is moving into her Read More
The Investment Reporter •2023-01-10 •
Canada plans to tax share buybacks by two per cent starting January 1, 2024. U.S. already taxes buybacks by one per cent. This could persuade companies to raise their dividends Read More
The Investment Reporter •2023-01-05 •
The run-up in interest rates make interest income more appealing, of course. But only if you can shelter this income from income taxes. After all, unsheltered interest income is taxed Read More
The TaxLetter •2022-12-27 •
Property transfers often create significant income tax issues and can be either errors of commission or errors of omission. Over my 25 years as an accountant, I have been referred Read More
The TaxLetter •2022-12-06 •
Discover a silver lining that comes from moving for school or work from The Tax Letter.
Find out if you qualify for this tax benefit
My eldest daughter is moving into her Read More
The TaxLetter •2022-11-20 •
Property transfers often create significant income tax issues and can be either errors of commission or errors of omission. Over my 25 years as an accountant, I have been referred Read More
The Investment Reporter •2022-11-17 •
Consider using part of your wealth to buy a life annuity from an insurer. It will provide you with monthly payments for the rest of your life—just like a defined Read More
The Investment Reporter •2022-10-04 •
Emphasizing safety in your portfolio goes beyond trying merely to preserve your capital. You should also try to preserve your purchasing power against inflation. High inflation can steadily erode your Read More
The Investment Reporter •2022-07-19 •
Shrewd investors use compounding to make sure all their money works for them. Combine that with a sound plan, and you’re well on the way to success.
Nothing is certain in Read More
The Investment Reporter •2022-07-07 •
Relatively-low interest rates make it cheap to borrow these days. If you can’t maximize contributions to your RRSP (Registered Retirement Savings Plan), consider borrowing to do so. In Hamlet, Polonius Read More
Money Reporter •2022-02-07 •
Income trusts have creative ways of sustaining their cash distributions through returns of capital.
Many investors question how any organization can continue to distribute cash to its owners in excess of Read More
Money Reporter •2022-01-04 •
Income trusts have creative ways of sustaining their cash distributions through returns of capital.
Many investors question how any organization can continue to distribute cash to its owners in excess of Read More
Money Reporter •2021-12-13 •
Asking a friend or relative to execute your estate may be a recipe for unpleasantness or worse after you’re gone.
As baby boomers husband their assets and approach the inevitable, many Read More
Money Reporter •2021-12-06 •
When you invest in mutual funds outside a registered plan, you face some income tax considerations foreign to those who invest directly in stocks.
Once again, it’s that time of year Read More
The TaxLetter •2021-11-23 •
Financial planner Mark Halpern says your generosity can make a real difference in the lives and causes you are passionate about . . . and inspire your own future generations.
We Read More
Money Reporter •2021-11-18 •
Asking a friend or relative to execute your estate may be a recipe for unpleasantness or worse after you’re gone.
As baby boomers husband their assets and approach the inevitable, many Read More
The TaxLetter •2021-11-02 •
Accountant Mark Goodfield (aka The Blunt Bean Counter) reviews six common investment errors he has observed over the years.
I am involved in wealth advisory for some of my clients as Read More
Money Reporter •2021-09-29 •
Asking a friend or relative to execute your estate may be a recipe for unpleasantness or worse after you’re gone.
As baby boomers husband their assets and approach the inevitable, many Read More
The TaxLetter •2021-09-21 •
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
The TaxLetter •2021-08-31 •
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
The TaxLetter •2021-08-10 •
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
The TaxLetter •2021-06-30 •
“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
The TaxLetter •2021-06-09 •
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
The TaxLetter •2021-05-23 •
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
The TaxLetter •2021-04-27 •
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
The TaxLetter •2021-04-06 •
If you have a family and assets, you need an estate plan and a will. And, says WealthInsurance.com CEO Mark Halpern, you need to review it at least every five Read More
Money Reporter •2021-03-31 •
The kicker with preferred split shares is that you can get double the dividend you would normally get holding the same shares directly, or even more.
Among our recommended preferred shares, Read More
The TaxLetter •2021-03-16 •
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
The TaxLetter •2021-01-21 •
If you have a family and assets, you need an estate plan and a will. And, says WealthInsurance.com CEO Mark Halpern, you need to review it at least every five Read More
The TaxLetter •2020-12-29 •
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
Money Reporter •2020-12-16 •
Limited partnerships and trusts offer tax advantages and return of capital is one of those advantages.
The return of capital portion of a partnership or income trust distribution can be made Read More
The TaxLetter •2020-12-08 •
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
The Investment Reporter •2020-11-22 •
Gift-giving season is nigh. But the tax department’s attribution rules complicate the matter of giving securities to your children and grandchildren.
Always keep things in perspective when you tax plan. Once Read More
The TaxLetter •2020-11-17 •
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
The TaxLetter •2020-07-05 •
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
Money Reporter •2020-05-03 •
How do split shares work? It’s not exactly like having your cake and eating it too. You do give up something to double your dividends or double your capital gain.
Split Read More
Investor's Digest of Canada •2020-03-19 •
Long lives demand a financial ‘defence’ plan. Trust and Estate Practitioner Mark Halpern looks at the costs of living long and shepherding money you’ll never spend.
People who are very successful Read More
The Investment Reporter •2020-03-11 •
The tax department’s attribution rules complicate the matter of giving securities to your children and grandchildren.
Keep things in perspective when you tax plan. Once you start agonizing over every dollar Read More
Investor's Digest of Canada •2020-02-23 •
Long lives demand a financial ‘defence’ plan. Trust and Estate Practitioner Mark Halpern looks at the costs of living long and shepherding money you’ll never spend.
People who are very successful Read More
The TaxLetter •2020-01-26 •
If you have a family and assets, you need an estate plan and a will. And, says WealthInsurance.com CEO Mark Halpern, you need to review it at least every five Read More
The Investment Reporter •2020-01-08 •
DRIPs (Dividend Re-Investment Plans) and cash option plans let individual investors build their wealth. That’s thanks to the dozen advantages that we outline below.
Studies show that dividend reinvestment is crucial Read More
The Investment Reporter •2019-12-12 •
Goodwill—positive thoughts and acts of generosity—may be the genesis of the accounting term for paying too much. But comes year-end and the debate about ‘writing off’ goodwill.
The validity of some Read More
The MoneyLetter •2019-12-11 •
5iResearch analyst Moez Mahraz stresses any benefit from tax-loss selling is of secondary importance to the long-term benefit of investing in quality stocks in the first place.
As we approach the Read More
The TaxLetter •2019-11-24 •
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
The Investment Reporter •2019-11-17 •
We advise you to use some contributions to a TFSA (Tax-Free Savings Account) to build an emergency fund. Then use the remaining TFSA money to invest in potentially very lucrative Read More
The TaxLetter •2019-11-03 •
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
The TaxLetter •2019-09-22 •
Toronto tax lawyer Samantha Prasad warns that all is not fair in love and taxes. The CRA may not have the same misty-eyed view of sharing as you and your Read More
Investor's Digest of Canada •2019-09-08 •
Will the tranquility of your family cottage dissipate when planning for, and financing, succession of ownership? Trust and estate planner Mark Halpern offers some solutions.
Many Investor’s Digest readers are fortunate Read More
The TaxLetter •2019-09-01 •
In the market for a cottage as a second home? Then now is the time for proper tax planning, muses Toronto tax lawyer Samantha Prasad from her vacation home on Read More
Investor's Digest of Canada •2019-08-22 •
Mark Halpern, CEO of WEALTHinsurance.com®, offers several ways to reduce your taxes and accumulate much more for your retirement.
Paying attention to your RRSPs and TFSAs all year-round pays off. The Read More
Investor's Digest of Canada •2019-08-06 •
Will the tranquility of your family cottage dissipate when planning for, and financing, succession of ownership? Trust and estate planner Mark Halpern offers some solutions.
Many Investor’s Digest readers are fortunate Read More
Investor's Digest of Canada •2019-07-22 •
Mark Halpern, CEO of WEALTHinsurance.com®, offers several ways to reduce your taxes and accumulate much more for your retirement.
Paying attention to your RRSPs and TFSAs all year-round pays off. The Read More