Brainstorming (+ tax)

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November 14, 2018  

Episode 019 - What Fiscal Year End Should I Pick?

We commonly are asked, what difference does a fiscal year end make in a corporation?  In this episode we discuss some of the more common tax reasons and non-tax reasons for fiscal year end choices.

October 31, 2018  

Episode 018 - Finally it Pays to be Unreasonable to your Spouse

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!

October 17, 2018  

Episode 017 - The Ever Changing Mortgage Rules in Canada

In this episode we take a look into the every changing mortgage rules and provide insight into how to navigate them.

October 3, 2018  

Episode 016 - Whether (and when) to stop contributing to the CPP

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.

September 26, 2018  

Episode 015 - No More Credits, No More Books: the 2018 Update on Tax Assistance for Education Costs

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?

September 19, 2018  

Episode 014 - Is it Time for a Canada Tax Shuffle Plan

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 

September 12, 2018  

Episode 013 - Brainstorming the Canada Pension Plan

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?

September 5, 2018  

Episode 012 - Tax On Split Income (TOSI) - a Technical Explanation

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. 

August 29, 2018  

Episode 011 - Tax On Split Income (TOSI) - The Small Business Escape Room Game

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.

August 22, 2018  

Episode 010 - Even if You Follow the Law, Can You Pass the Smell Test?

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.