At Innes Robinson Chartered Accountants, we can analyze your financial situation in order to optimize the tax treatment for your income. We will work with you to ensure that your family has an efficient tax plan in place so that you are ready for retirement, using your losses effectively, and properly structuring your cross-border investments.
Most people have life insurance to protect their families if they die, however a valid, well-planned will can protect your loved ones just as much. Unfortunately most people do not have well-planned wills. Having a properly prepared will which contemplates all relevant tax issues, as well a properly executed Power of Attorney (including both the … Continue reading Estate planning
Investing in real estate
Investing in real estate can be both rewarding and complicated. This issue of our newsletter deals with some of the tax relief programs that can be available to either first time home buyers or buyer of new homes. When buying a new home or investment property, taxes can add as much as 17% to the … Continue reading Investing in real estate
Allowable Business Investment Loss
When you make a good investment, the CRA is very happy to tax you; however when your investment no longer has any value, getting a deduction can be difficult. Generally a loss on the disposition of an investment, like shares or debt, is treated as a capital loss, deductible against other capital gains. As long … Continue reading Allowable Business Investment Loss