Publications

Article explaining the potential cost of US estate tax for the estate of a Canadian

Talking to Your Kids About Money, provides tips and teaching tools that can be incorporated into family conversations, whether a child (or grandchild) is elementary school aged or will soon be heading away to college or university.

Business owners need to integrate their personal goals with the needs of their business as they journey through the various stages of their personal and business life cycles. With so much time and effort invested in the business, there is often little time left to address personal and family issues. A well-thought out wealth plan will help to identify a business owner’s personal and business needs and priorities.

For most people, planning for retirement or their later years is focused mostly on finances and how they will spend their time. However, ensuring they spend those years in good health is something that many overlook. The times are certainly changing, with medical advances and technological breakthroughs, planning for retirement and living longer needs to be more holistic.

De nos jours, compte tenu du climat économique actuel et de la pandémie de COVID-19, si de nombreux parents d’enfants adultes peuvent avoir l’impression que leurs finances sont relativement en bon ordre, ils sont peut-être préoccupés par leurs enfants adultes et par la capacité de ceux-ci à subvenir à leurs besoins en cette période d’incertitude sans précédent. Aider ses enfants relève de l’instinct parental, et si vous en avez les moyens, vous voudrez certainement le faire. Toutefois, n’oubliez pas de le faire avec prudence afin d’éviter toute répercussion sur votre retraite, votre planification successorale ou votre situation fiscale. Cet article explore des façons d’aider efficacement vos enfants adultes tout en gardant votre propre plan de gestion de patrimoine en ordre.

L'ABC du placement

Market Corrections Are Not Uncommon

The benefits of making a charitable donation are countless – from helping those in need to the personal satisfaction of giving back to the causes that are important to us. Charitable giving also makes good sense from a tax perspective. With proper planning, you can reduce your total income tax liability and maximize the value of your donation.

Entrepreneurs who have built successful companies often want to see their business passed effectively to the next generation. However, a sale or transfer of ownership of the business will generally trigger capital gains tax. If the value of the shares of your business has increased, you or your estate may be burdened with a substantial tax bill. The business may even have to be sold to cover the liability.

Over the next two decades, upwards of US$84 trillion globally is expected to pass from one generation to the next – both from the silent generation to boomers and from boomers to millennials.1 But before your hard-earned assets can be used by future generations, you’ll want to make sure they are passed down in the right way. You don’t want your family to squabble over your legacy or squander your estate away in a manner worthy of an episode of Succession.

Many Canadians enjoy spending time in the U.S., and at some point may consider the purchase of a U.S. vacation property. As a result, it is important for Canadians to fully understand U.S. reporting and tax issues related to their ownership of U.S. real property, in addition to any Canadian tax implications.

This is a helpful resource summarizing important tax, retirement and estate planning information.

While most Canadians are aware of the April 30 personal income tax filing deadline, there are other important tax deadlines that must be observed over the course of the year – especially if you want to take advantage of certain tax deductions and credits. This calendar summarizes several important dates on the tax calendar and offers some tips to help you with your overall wealth planning. Where a deadline falls on a weekend or a holiday recognized by the Canada Revenue Agency (“CRA”), the deadline is generally extended to the next business day.

Rates Scenario, covering currencies and markets outside of the U.S. and Canada.