by Rona Birenbaum BAS CFP®, CHFS | Jun 26, 2024 | All About Investing, All About Tax
Our previous post described the tax hit that many fixed income investors are experiencing due to higher interest rates and two strategies for tax savings. You can catch up here. Today we highlight three more strategies. Switch to return of capital mutual funds Return...
by Rona Birenbaum BAS CFP®, CHFS | Jun 13, 2024 | All About Investing, All About Tax
Over the last couple of years, higher interest rates have caused many fixed income and GIC investors to face significantly larger tax bills on the interest earned in their non-registered portfolios. In a high interest rate environment, newly issued bonds and GICs must...
by Rona Birenbaum BAS CFP®, CHFS | May 1, 2024 | All About Tax, Estate Matters
As the days get longer and the weather warms up, many of us get into spring cleaning mode. This year, we encourage you to include your financial affairs in your annual spring cleaning. Here are our top spring-cleaning tips: Review your wills, powers of attorney and...
by Rona Birenbaum BAS CFP®, CHFS | Feb 26, 2024 | All About Tax, Estate Matters
New – Bare trusts are exempt from trust reporting requirements for 2023 Starting in the 2023 tax year, new trust reporting requirements came into effect that require many Canadians to start filing a trust tax return (specifically, a T3 and Schedule 15 forms). As part...
by Rona Birenbaum BAS CFP®, CHFS | Feb 8, 2024 | All About Investing, All About Tax, Cash Flow Concerns
Launched in April 2023, the First Home Savings Account (FHSA) offers some interesting financial planning opportunities to Canadians who aren’t homeowners. The Basics For those who aren’t familiar with FHSAs, here’s a quick summary of the rules: You can open an FHSA if...
by Sara Ready CFP® | Jan 4, 2022 | All About Tax, Estate Matters
As real estate prices rise in Ontario, so are the related probate fees on that property when settling your estate. Might you be one of the lucky Ontarians that can avoid probate fees on your real estate? If you’ve owned a property in Ontario for at least 15 years, you...
