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Introducing Tax-Free First Home Savings Account
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Home
Our Approach
Our Services
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Our Team
Our Partners
Resources
Links
Market Update
Learn More
Introducing Tax-Free First Home Savings Account
Investment Planning
Financial Planning
Tax Planning
Education Planning
Retirement Planning
Estate Planning
Contact Us
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Home
Our Approach
Our Services
Our Team
Our Team
Our Partners
Resources
Links
Market Update
Learn More
Introducing Tax-Free First Home Savings Account
Investment Planning
Financial Planning
Tax Planning
Education Planning
Retirement Planning
Estate Planning
Contact Us
Tax Planning
Many physicians incorporate their practices to enjoy the same benefits as other self-employed incorporated individuals. However, important tax changes affecting Canadian private corporations that were introduced several years ago can have significant implications for physicians with a professional corporation or those physicians considering incorporation.
Tax Planning for Physicians
Although Canadian snowbirds reside in the U.S. for only a part of the year, there is the potential of being considered a U.S. resident and, in turn, having to pay U.S. income tax on the same basis as a permanent U.S. resident. This article outlines how the U.S. government determines whether you are a resident for income tax purposes; namely, it covers the criteria for meeting the Substantial Presence Test, Closer Connection Exception and the Canada U.S. Income Tax Treaty Tie-Breaker Rules.
Canadian Snowbirds and U.S. Income Tax
Understanding Capital Losses
Understanding Capital Losses
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.
2023 Personal Tax Calendar
Contribution Reminder For Your RRSP, TFSA and RESP Accounts
Contribution Reminder For Your RRSP, TFSA and RESP Accounts
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.
Donating Appreciated Securities