Latest Financial & Insurance News
Universal Basic Income: Part One
- By smithfinadmin |
December 17, 2020
Financial Series: Universal Basic Income Part 1 of 6 By Brandon Currie This article was published in Reveal Business Magazine, Vol 1 | Issue 4 Let’s begin this series with an interesting history of social programs across the world and[…]
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Beneficiary Designations at Risk
- By smithfinadmin |
October 8, 2020
A recent Ontario court decision could upend estate planning. This article will briefly review the common law principles governing the gratuitous transfers of property, the Supreme Court of Canada (“SCC”) decision in Pecore v. Pecore, 2 and how this decision[…]
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Couple has no home, kids together but still considered spouses, Ontario’s top court rules
- By smithfinadmin |
October 8, 2020
TORONTO — A wealthy businessman will have to pay more than $50,000 a month in spousal support for 10 years to a woman with whom he had a long-term romantic relationship even though they kept separate homes and had no[…]
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Estate Freeze and Refreeze in an Economic Downturn
- By smithfinadmin |
October 8, 2020
By Carey Lee, CPA, CA, Business owners typically consider tax planning at a time when their businesses are flourishing and their wealth is increasing. However, the COVID-19 pandemic — and the ensuing economic downturn — may also provide planning opportunities[…]
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The Valuation of Corporate-owned Life Insurance on the Death of a Shareholder
- By smithfinadmin |
October 8, 2020
By Glenn Stephens, LLP, TEP, FEA, The valuation of life insurance policies for the purposes of Canadian tax law is subject to a confusing set of rules and interpretations. In some instances, specific provisions in the Income Tax Act (the[…]
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Driven to Distraction
- By smithfinadmin |
October 8, 2020
By Carol Neuss Thanks to a clampdown on drunk driving, more use of seatbelts, and cars equipped with airbags and the technology to help avoid accidents, the number of deaths due to motor vehicle accidents has decreased over the past[…]
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Hidden health-care costs can be a shock for retirees
- By smithfinadmin |
December 30, 2015
Every Thursday, Randy Filinski drives a group of seniors to one of two government-sponsored physiotherapy sessions in Toronto’s Scarborough area and sees firsthand the realities of inadequate health-care coverage in the retirement years. Mr. Filinski, volunteer chair of CARP’s Ajax-Pickering[…]
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Three Areas Where You Can Save Money
- By smithfinadmin |
December 16, 2015
I believe that, just like people, our money needs a purpose. Sometimes it’s obvious what that purpose is: saving, covering the cost of housing, food, bills etc. but often, once those recurring payments are taken care of, the remaining dollars[…]
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What The Liberals’ Tax Promises May Mean For Your TFSA
- By smithfinadmin |
December 8, 2015
Just moments after being sworn in as our new Prime Minister, Justin Trudeau and his cabinet announced that Parliament will reconvene on December 3 and immediately turn their attention to taxes. While the priority focus will be on marginal tax[…]
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