a website dedicated to archiving the tax & estate writings of JAMIE GOLOMBEK
If you pay fees for the management of your registered portfolio, be it a registered retirement savings plan (RRSP), registered retirement income fund (RRIF) or tax-free savings account (TFSA), these fees are not tax deductible.
You may be a small business owner. You may own a portfolio of investments. In either scenario, you may be wondering whether a holding company or “Holdco” makes sense for you.
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 not uncommon for parents to charge their adult children who still live at home below-market ...read more
SEE PDF FILE ATTACHED ...read more
The notorious Form T1135 Foreign Income Verification Statement continues to cause problems for taxpayers ...read more
A life insurance trust can be a useful tool when planning to ...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.