Spousal Loans – How do they work?

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...

Moving expenses – a primer

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...

2010 Personal Tax Tips

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...