by James Gustafson | Jul 25, 2011 | Taxation, Uncategorized
Many people have heard of the idea of becoming non-resident for Canadian tax purposes. Since the Canadian tax system is based on your residency becoming a non-resident means avoiding Canadian taxes in most, but not all, situations. This blog does not address the...
by James Gustafson | Feb 8, 2011 | Taxation, Uncategorized
Spousal loans can work great in certain tax situations to shift investment income from a higher taxed spouse to a lower taxed one while also avoiding triggering the infamous “attribution rules” in the Income Tax Act. This can result in significant tax...
by James Gustafson | Dec 14, 2010 | Taxation, Uncategorized
Have you recently moved to Victoria or Oak Bay? Will you be earning income in Victoria from employment or a business? Have you moved at least 40 km closer to your new place of employment? If you answered yes to all of these questions then you may be eligible to...
by James Gustafson | Nov 6, 2010 | Taxation, Uncategorized
It’s starting to be that time to consider your 2010 personal tax returns. Here are some of the key changes from the 2010 Federal Budget to be on the lookout for when considering your own situation. RDSP contributions can now (effective March 4, 2010) be made via...
by James Gustafson | Oct 27, 2010 | Incorporation, Taxation, Uncategorized
With current low corporate tax rates some professionals are opting to forego taking money out of their company to place into an RRSP and are instead leaving the money in the company to invest, saving within the company and then using dividends from the company as a...