by James Gustafson | Jun 29, 2010 | Uncategorized
As a chartered accountant in Victoria, this is one of the most common questions that I hear. The simple answer is yes, tax returns may be amended up to 10 years after they were filed. This may be done for personal or corporate tax returns. Why would you want to...
by James Gustafson | Jun 25, 2010 | Uncategorized
As a business owner with a successful company have you ever wondered if you might benefit from a holding company? The answer may well be yes. Simply put a holding company is a company established to “hold” the shares (or other significant assets such as...
by James Gustafson | Jun 17, 2010 | Taxation
A big issue with the new Tax free savings accounts (TFSA) was revealed this week when the Canada Revenue Agency announced that it had issued more than 70,000 letters to taxpayers for penalties related primarily to over-contributions to TFSA accounts. Many people...
by James Gustafson | Jun 14, 2010 | Taxation, Uncategorized
When agreeing to take on the role of Executor for someone’s Estate or when beginning an Executorship after someone’s decease it is good to have a clear understanding of your responsibilities in this role. This blog addresses some common considerations: An...
by James Gustafson | Jun 7, 2010 | Uncategorized
We all know that giving to worthy causes is a good thing to do and generates useful tax slips that help reduce our taxes. Did you also know that planned giving can be a very useful planning move for your Estate and can even eliminate the taxes that will be due in...
