Latest Financial & Insurance News
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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Are you playing rational roulette with your retirement plans?
- By smithfinadmin |
December 1, 2015
We all know that our mental abilities will wane at some point, though we like to think it won’t be until extreme old age. Is it possible that those abilities diminish sooner and faster than we think, even in the[…]
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The joy of retirement readiness
- By smithfinadmin |
November 24, 2015
I’ve been facilitating courses and seminars on Retirement Readiness for long enough that I have been a part of hundreds of people’s retirement planning process. Some have come back to see me after they retired. Others have sent a message[…]
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