a website dedicated to archiving the tax & estate writings of JAMIE GOLOMBEK
The T1 Personal Income Tax Return (the Tax Return) has been redesigned, effective for the 2019 tax year.
The Government of Canada announced a variety of tax measures to help Canadians facing hardship as a result of the COVID-19 outbreak. Here’s a quick summary of the major tax changes affecting individuals and small businesses.
On March 25, 2020, the government passed legislation that lowered the minimum amount that must be withdrawn from a Registered Retirement Income Fund (RRIF) in 2020 by 25%, “in recognition of volatile market conditions and their impact on many seniors’ retirement savings.”
Many small businesses, along with non-profits and charities, in Canada may be particularly hard-hit by ...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.