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Investing

The Markets Q1 2019

The Markets Q1 2019

By looking back on the performance of the markets in the last quarter of 2018, we can learn a few things about the current market conditions: one, investors are nervous; two, central banks are nervous; and three, no one knows what 2019 will really look like. So, what...

Taxes

The Disability Tax Credit is the gateway to $90,000

The Disability Tax Credit is the gateway to $90,000

The benefits of the Disability Tax Credit (DTC) go beyond just reducing last year's taxes. These savings could quadruple in a Registered Disability Savings Plan (RDSP), which is only available to those who are approved for the DTC. Yet, we see many applications being...

Tax Planning and ODSP Changes

Tax Planning and ODSP Changes

With tax season in full swing, advisors and clients are turning their attention to their annual filing. The governments of Canada and Ontario (as well as all the provinces) provide taxpayers with some tax relief in the form of tax credits which may be used to reduce...

Tax on Split Income

Tax on Split Income

Since July 2017, there have been many discussions among small business owners about how changes to tax on family income earned in a private corporation will be affected. The 2017 proposals related to Tax on Split Income represented the biggest change to private...