Transitioning into retirement requires not just emotional readiness but also a well-thought-out income plan, informed by a deep understanding of taxation in this phase of life. As a tax professional with expertise in trust and estate planning, I emphasize the…
The evolving tax environment, particularly post the 2018 federal budget, necessitates strategic adjustments in retirement savings for small business owners. As a tax professional with a Trust and Estate Practitioner (TEP) designation, I emphasize the importance of adapting to these…
Introduction: An Individual Pension Plan (IPP) is an increasingly popular retirement vehicle, particularly for owners of private corporations. Its appeal lies in offering retirement benefits akin to those enjoyed by government employees and larger organizations. However, it's crucial to understand…
In Alberta, Canada, planning for future healthcare decisions is a crucial aspect of personal and legal preparedness. This is where Advance Care Directives and Personal Directives come into play. These legal documents play a pivotal role in ensuring that your…
In an era where an increasing number of Canadians require assistance in managing their financial affairs due to aging or other factors, understanding the nuances of a Power of Attorney (PoA) for property becomes crucial. At Shajani CPA, with our…
A trust allows you to separate control and management of assets from its owners. This separation allows for distinct advantages that will result from the details contained within the trust deed. There are several types of trusts and legal scholars…
Canada’s economic plan is helping Canadians save for a first home and building more co-op homes, faster 2023-12-05 06:12 Roundup: Canada’s economic plan is delivering for Canadians from coast to coast to coast 2023-12-01 15:00 Deputy Prime Minister highlights…
Trois-Rivières Resident Sentenced for Massive Tax Fraud Involving Fictitious Children In a startling revelation of tax fraud, the Canada Revenue Agency (CRA) has announced the sentencing of Wayne Kendall Jr. from Trois-Rivières, Quebec. On October 20, 2023, at the Trois-Rivières…
As we approach the end of the year, family-owned businesses and high-income individuals must understand the tax implications of charitable donations, especially with the impending changes to the Alternative Minimum Tax (AMT) regime. As a CPA and Tax Lawyer, I'd…
