Designated beneficiaries of registered retirement accounts

Designated beneficiaries of registered retirement accounts (RRSP, RRIF, TFSA.) As the saying goes, the only guarantees in life are death and taxes, and unfortunately there are tax issues to deal with upon the death of an individual.  If you have registered retirement...

2017 Q4 Tax Update: Income Sprinkling Rule Changes

In the recent (Dec. 13, 2017) release from the Department of Finance, we now have some additional information on how the income sprinkling rules will impact small business owners and their families. Family members who are caught by the new income sprinkling rules will...

2017 Q3 Tax Update: Private Corporation Tax Changes

From Focus LLP, CPA, your Calgary Tax Accountants, in collaboration with Video Tax News Inc., we have provided a summary of some of the recent proposed tax changes and updates in the following blogs: Tax for private Corporations: Major changes proposed Voluntary...