Are you concerned about the Tax On Split Income affecting your family's taxes? Then you are going to want to listen to this brainstorming episode on being unreasonable on purpose!
In this episode we take a look into the every changing mortgage rules and provide insight into how to navigate them.
Prior to 2012 Canadians did not have a choice to when they stopped contributing to the CPP. Now that there is a choice, we get into what your options currently are.
There are 4 different credits that used to be available to students in 2016 that have since been eliminated. Do you know what they are?
Many tax planners may remember the tax plan called the Alberta Shuffle. Is it time to look at changing the rates to create a Canada Shuffle? #CdnTax #cdnpoli
In this short 5 minute episode, we brainstorm a potential replacement system for the Canada Pension Plan that would benefit families more than the current system and explain why a change is needed. Tell us what you think. Good idea or not?
In the last episode we had some fun with the Tax On Split Income (TOSI) rules, but it really is time to get serious about them.
The Tax On Split Income (TOSI) rules are written like a bad “escape room” game. The way these rules are written, everyone is caught… unless you can escape… and the exits are not clearly marked. In this episode, Cory G. Litzenberger tries to help you navigate these rules in a high-level tongue-in-cheek approach to them.
Taxpayers that follow the letter of the law in the Income Tax Act might not realize that there is a "catch-all" provision that is what we call the "smell test." If it stinks like GAARbage, the CRA will reassess you.
You may have heard you don't need to register for GST until you have $30,000 in sales. However, this is not always the case, and in this episode, we target an outdated tool used by some practitioners - Management Fees.