Many investors love ETFs because of their low cost and liquidity. The ETFs are also suitable for those who engage in tax loss selling. Losses on the sale of ETFs are treated like losses on share sales, generating capital losses. However, when you … [Read more...]
Just for Doctors Newsletters
19
Dec, 2022 Exchange-traded funds (ETFs) are ideal for the tax loss-selling investor
December 19, 2022 by
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Dec, 2022 The Multigenerational Home Renovation Tax Credit
December 19, 2022 by
If you have seniors or adults with disabilities living in your home, you will appreciate the new refundable tax credit. The new refundable tax credit would provide financial support when constructing a secondary suite for an eligible person to live … [Read more...]
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Nov, 2022 CRA keeps charging more interest on overdue taxes
November 24, 2022 by
The cost of not paying your taxes by the deadline keeps rising. The interest rate CRA charges on balances owing increased on October 1 to 7%, up from 6% for the previous quarter. For the first quarter of 2023, the interest rate will rise to … [Read more...]
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Nov, 2022 Tax Tips to help manage your stock portfolio
November 24, 2022 by
With all the ups and downs in the stock market, it is a Herculean task to manage your stocks. Here are some tax tips to consider before you sell any more shares. Watch the capital dividend account. When your corporation sells shares at a gain, 50% … [Read more...]
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Nov, 2022 Highlights of the 2022 Federal Economic Update
November 24, 2022 by
The Department of Finance announced a few personal tax measures which may impact you. Minimum tax for high earners The government reaffirms its commitment to examining a new minimum tax regime for wealthy individuals, as announced in the … [Read more...]
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Oct, 2022 The tax benefits of splitting pension income
October 21, 2022 by
One easy way to minimize your tax burden when you are retired is pension income splitting. Pension income splitting is for Canadian residents who are married and, usually, where the recipient spouse is aged 65 or older. It allows them to make a … [Read more...]
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Oct, 2022 Ever heard about the Land Owner Transparency Act (LOTA)?
October 21, 2022 by
What you need to know about the Land Owner Transparency Act (LOTA). Filing deadline is November 30, 2022! On November 30, 2020, the Land Owner Transparency Act (LOTA) came into effect and with it the Land Owner Transparency Registry (LOTR). … [Read more...]
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Oct, 2022 New Reporting Requirements for Trusts!
October 21, 2022 by
There are new rules applicable to taxation years on or after December 31, 2022, which require trusts, including bare trusts, to annually file T3 trust income tax returns and disclose the following: name and address; date of birth; … [Read more...]
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Sep, 2022 Stock market is down? Good time for an estate freeze!
September 8, 2022 by
What is an estate freeze? An estate freeze refers to transfer of the future growth of your corporate investments into the hands of your children. An estate freeze limits the value of your estate reflected in your corporate holdings at the date the … [Read more...]
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Sep, 2022 The deadline for PST rebate is October 3, 2022!!
September 8, 2022 by
The British Columbia government allows incorporated professionals and other businesses to apply for a 100 per cent rebate of PST paid between September 17, 2020, and March 31, 2022 (“Eligible Time Period”) on purchases or leases of select machinery … [Read more...]
