a website dedicated to archiving the tax & estate writings of JAMIE GOLOMBEK
The 2019 federal budget included a number of tax measures that will affect Canadian taxpayers.
What types of income might you receive in retirement? How will your retirement income be taxed? In a January 2019 CIBC Retirement Poll, 74% of respondents said they worry about having enough income in retirement.
Various types of investment income are taxed differently. This report will review the tax implications related to the most common forms of investment income and will go through what expenses may be deducted against such income to reduce your taxes payable.
It’s no secret that ever since the launch of the tax-free savings account a decade ago, Canadians ...read more
The 2019 federal budget announced a few measures directed at retirees. Included in these measures was the introduction of two new types of annuities starting in 2020: advanced ...read more
Clients who fail to report income will not only be liable for the tax owing on the undisclosed income, ...read more
In November 2018, Ontario announced that it would not adopt the federal government clawback (subsection 125(5.1) ...read more
most parents prefer to give their adult kids money than live with them
Jamie Golombek tells BNN about the advantages of financial gifts and answers some common questions.