Tax News

Asset allocation gets more diverse

In an attempt to stay relevant in increasingly complex financial markets, more and more investment managers are thinking outside of the asset allocation box. Janet Rabovsky, senior consultant of Watson Wyatt Worldwide, says she’s starting to see a blurring of asset classes. “Private equity managers are getting involved in real estate, hedge funds have put […]

By Bryan Borzykowski |June 12, 2007

4 min read

Keeping the cottage in the family

(June 2007) Cottages are synonymous with family get-togethers, but without the proper planning, it’s the real estate agent who could be showing it off next summer. To prevent a client’s cottage from falling out of the family’s hands, it’s important to figure out who’s going to pay the capital gains tax once the cottage-owner passes […]

By Bryan Borzykowski |June 8, 2007

5 min read

Planned giving offers plenty of options

(May 2007) With so many charitable giving options available, there’s a good chance your client is clueless as to how to best donate their assets. So don’t just say “sure” when one suggests giving stocks; let your client know about all the choices. Of course, it might be hard to convince a client that there […]

By Bryan Borzykowski |May 29, 2007

5 min read

Biased income splits

(April 2007) One of the most significant tax changes for 2007 was the announcement last fall by the Conservatives to permit pension income splitting. The rules governing the type of income that can be split mirror the rules for definition of “pension income” in the Income Tax Act and, as currently drafted, tend to discriminate […]

April 4, 2007

3 min read