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CRA takes offence with leveraged insurance products

Posted by Todd Gotlieb in Blog

TIM CESTNICK They say that all good things come to an end. Well, in the world of tax planning, at least, it seems that many good tax things come to an end eventually. On Aug. 26, the Canada Revenue Agency (CRA) issued a news release…

Immediate Financing Arrangement | Key Things to Know

Posted by Todd Gotlieb in Blog

Robert Spence, May 2021 Every business owner is familiar with the old saying, cash is king. When you have it on hand, cash provides stability and the capacity for growth when opportunities arise. Since cash is the lifeblood of any business, shareholders struggle when it…

RRSPs, RRIFs and withholding taxes at death

Posted by Todd Gotlieb in Blog

The absence of withholding taxes can create unexpected consequences if no planning is done By: Wilmot George  April 19, 2021 Withholding taxes do not normally apply to RRSP and RRIF proceeds paid to beneficiaries when the plan holder dies. This may sound like good news, but…

Do you really have a financial plan?

Posted by Todd Gotlieb in Blog

Michael Bronstine May 2021 If you think a financial planner only handles your RRSPs or taxes, or that financial planning is the same as investment planning, you are only seeing part of a much bigger picture. In fact, you may be missing out on many…

Strategy of the month

Posted by Todd Gotlieb in Blog

by Michael Bronstine Profile: Shareholder of private corp. age 65+ Comfortable with complex tax planning involving leverage No intent to divest their shares Prefers locked-in planning strategies Desire to maintain current business activities Corporation has steady cash flow Corporation has sufficient taxable income to use…

Ontario raises small estate limit to $150,000

Posted by Todd Gotlieb in Blog

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‘I believe so firmly in this that I’ve taken a stand’

Posted by Todd Gotlieb in Blog

HomeNews by Leo Almazora March 2021 In its newest pre-budget submission to Ontario, the Canadian Life and Health Insurance Association (CLHIA) urged the government to reject Bill 219, a bill that seeks to modernize the province’s Insurance Act by amending Section 115. The issue: the amendment would allow for…

How should you own real estate properties?

Posted by Todd Gotlieb in Blog

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Chess and Retirement Planning

Posted by Todd Gotlieb in Blog

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