Joint accounts can be a useful tool for estate planning but beware of some pitfalls. Things to consider before placing assets in a joint name
Category: Tax Tips
Our Spring Newsletter is out - but it's cold out today!
by Julie
Had a great holiday with lots of warm weather and I’m ready to share our latest newsletter with you! Hope you enjoy and call me with any questions. Happy Spring! Click the link – Spring 2018
How do I report amounts from my T5008 slip?
This post includes the most common questions we receive about reporting T5008 slips. Do I need to include this T5008 on my return? If you disposed of a security for a gain/loss you should report this on your return. This applies to gains/losses realized when you sell mutual funds. You can use either the…
Last chance for spousal loan rates at 1%
There are only a few months left to take advantage of low prescribed interest rates for income splitting and other loans as the rate will double to 2% on April 1, 2018. Prescribed rate loans can be used to split investment income with a spouse or common-law partner with lower income. One partner in the highest…