Tax
Are you planning your retirement, or the CRA’s?
An RRSP deduction isn’t a tax saving. It’s a deferral, and almost nobody has been shown the repayment terms.
5 min read
Insights
Insights
Articles on tax, corporate structure, pensions, estate planning, retirement income and protection, written for incorporated professionals in BC. Every figure is sourced and every assumption is on the page. Nothing here is advice, and none of it is a forecast.
Each one carries its own sources and cautions at the foot, and the figures are British Columbia unless the article says otherwise.
Business owners
Do you want your partner’s spouse as your new business partner?
Five questions every co-owner has to answer, and what happens to your shares if nobody ever did.
5 min read
Protection
You insured the house. You insured the car.
Most people carry cover against the things least likely to happen to them, and nothing against the thing most likely to.
4 min read
Retirement income
“Can I just take 10%?” has a number, not an opinion
We ran forty thousand simulations at each withdrawal rate. Here’s where the money actually runs out.
6 min read
Corporate structure
Same money, four ways out of your corporation
The useful question isn’t how much is in there. It’s which door it comes out of.
5 min read
Retirement income
The OAS clawback runs two years behind you
It’s one of the very few tax rules you can genuinely plan around, and the lag is why.
4 min read
Estate
Canada has no estate tax. Your family can still lose most of it.
There’s no estate tax and no gift tax here. The bill arrives from two other places instead.
6 min read
Retirement
There is a second pension plan built into the Income Tax Act.
Your RRSP shelters a smaller share of your income every year you get more successful.
7 min read
Corporate structure
Health spending accounts, and the CRA question your advisor may not have raised
Turning family medical costs into a corporate deduction is real. Whether it works for a one-person corporation is a different question.
6 min read
Which of those was about your own file?
If more than one of them was, that is usually the whole problem: the pieces were each built properly by somebody who could only see their own piece.
Book fifteen minutesNo pitch on the first call. If there is nothing worth fixing, we will tell you that.