As we approach the end of 2024, here are some tax tips for consideration. Investors Tax-Gain Selling As of June 25th 2024, the capital gains inclusion rate increased from 50% to 66.67% on gains above $250,000. Individuals and certain trusts are still entitled to the original 50% inclusion rate on the first $250,000 of gains…. Read More
The U.S. election was held on Tuesday, November 6 and Donald Trump won the race for the presidency, defeating Vice President Kamala Harris to earn a second term in the White House. The Republican party also won the Senate and the U.S. House of Representatives. Equity markets reacted favourably to the news, with the Dow… Read More
After an aggressive rate hiking cycle in both Canada in the United States during 2022, inflation data showed that the rate hikes have been effective. After peaking in the ~9% range, inflation has come down significantly and the Bank of Canada announced recently that inflation is now back at it’s 2% mandated target. The Bank… Read More
On August 12th, the Department of Finance offered some additional relief to the bare trust reporting requirements. Many individuals who were captured by the original 2023 rules will now be exempt from filing. Specifically, any situation where parent and child are joint owners of a home or investment account is now exempt from filing. We… Read More
Estate planning is an essential element of financial management. A proper estate plan will ensure that your property, finances, and personal wishes are handled in a way that provides for your loved ones while minimizing taxes, legal disputes, and administrative delays. This guide will provide an overview of key estate planning strategies to help you… Read More