What the disability tax credit means for eligible Canadians and …
WEBMay 14, 2021 · Learn how to qualify for the disability tax credit (DTC) and access tax savings, credits, deductions and programs for Canadians with disabilities and their families. Find out how to apply, calculate and claim the DTC and its provincial counterpart, and explore other tax benefits and planning tools.
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WEBSep 20, 2024 · News and resources for Canada's top financial advisors
Filing the T3 tax return | Advisor.ca
WEBFeb 17, 2018 · Learn what a T3 is, when and how to file it as an executor of an estate. Find out the differences between a T3 and a T1, and the decisions and elections that can affect the tax liability of the estate and the beneficiaries.
Filing the deceased’s income tax return | Advisor.ca
WEBNov 29, 2023 · Executors have a duty to file and pay tax returns on behalf of the deceased, and may face personal liability for any unpaid balances. Learn about the timelines, rules and options for filing the final T1 return, optional TI returns …
Joint property ownership: problems and pitfalls | Advisor.ca
WEBSep 19, 2011 · Learn the advantages and disadvantages of holding property in joint tenancy with right of survivorship, and the tax and legal implications of this estate planning tool. Find out how to avoid common pitfalls such as creditor exposure, loss of …
When to use a codicil (and when to rewrite the will)
WEBJan 25, 2018 · A codicil is a small amendment to a will, while a new will is a complete document. Learn when to use a codicil and when to rewrite the will, and the pros and cons of each option.
Cross-border gift tax issues for Canadians | Advisor.ca
WEBFeb 8, 2019 · Tips to avoid double taxation, and other strategies. With the end of the annual giving season and the beginning of tax season, it’s a good time for an overview of the cross-border tax impacts for Canadians.
New trust reporting rules include in-trust accounts, jointly owned ...
WEBDec 13, 2023 · Learn how the new trust reporting rules apply to in-trust accounts, jointly owned assets and bare trusts for tax years ending after Dec. 30. Find out what information to report on T3 Schedule 15 Beneficial Ownership Information of a …
Understanding the CPP death benefit | Advisor.ca
WEBMay 12, 2023 · Learn about the CPP death benefit, a one-time lump-sum payment of $2,500 to the deceased's estate, and how it is calculated, taxed and applied. Find out how social security agreements can affect eligibility and how to qualify for the benefit.
How much should an executor be paid? | Advisor.ca
WEBOct 4, 2021 · Executors are entitled to compensation for administering an estate, but the rules vary by province and case. Learn how to calculate, negotiate and challenge executor fees, and what factors courts consider in passing judgment.