by admin | Mar 31, 2016 | Tax tips
In the past, when investors dispose traditional mutual funds, they must pay tax immediately on capital gains. Mutual fund industry creates one innovative product for investors’ non-registered accounts. This product is called Corporate class funds. Why it is so...
by admin | Mar 16, 2016 | Tax tips
It is normal to see some clients have not filed their taxes for a number of years. If you ask why, they may come back with the similar idea: “I don’t make even close to $10,000 a year. It is pointless to complete the tax return.” Well, there are a few points...
by admin | Feb 4, 2016 | Tax tips
The tax season has come. We are not going to look back how our tax numbers work out in 2015 taxation year but also keep in mind the changes for 2016. Here are the highlight of tax changes starting 2016: Tax-Free Savings Accounts The contribution limit for TFSA has...
by admin | Jan 29, 2016 | Tax tips
Recently, a few clients have asked the same question if an in-trust bank account can be used to save some taxes. My answer to them is maybe. I think it is worthwhile sharing the key points on this subject with you as well. First of all, how an in-trust account is set...
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