Understand the tax implications of redeeming mutual fund shares, including distributions, capital gains, and the adjusted cost base in this section.
Discover the intricate details of how segregated funds are taxed in Canada, including the process of income allocation, tax treatment of guarantees, and the implications for death benefits.
Learn about the importance of understanding the basics of taxation for investment advisors in Canada. This chapter covers the types of investment income and their different tax treatments, along with strategies for optimizing after-tax returns.
Understanding the process of calculating income tax in Canada, including steps on taxable income, allowable deductions, tax credits, and net tax payable.
Comprehensive guide on the taxation of income in Canada, detailing federal and provincial tax rates, calculations, and illustrations.
Explore the various tax-deductible expenses related to investment income, including allowable carrying charges and those you cannot deduct. This guide provides comprehensive details to help you make informed decisions regarding tax deductions.
Comprehensive guide on determining capital gains or losses when disposing shares, principles of adjusted cost base, and considerations for warrants, rights, and stock dividends in Canadian taxation.
Understand how capital losses are calculated, the rules for worthless and superficial losses, and their implications in Canadian tax law.
Learn about the intricacies of transferring income within family members and the tax implications it can entail under Canadian tax laws, including exceptions and attribution rules.
Understand how making loans within a family can be effective for tax purposes by following the specific rules and regulations set by the CRA. Learn about the prescribed rates, interest, and how to maximize the benefits.
Understand the concept of discharging debts in the context of tax strategies involving spouses and non-arm’s length individuals. Learn the rules, strategies, and examples that demonstrate how this can be utilized for tax savings.
Comprehensive summary and key takeaways on Canadian taxation, including world and Canadian-source income, tax deferral plans, income splitting, and tax planning strategies.
