| Accounting
For Gains |
 |
|
 The
issue of taxing profits from stock marker trading, as either income or capital
gains, pops up regularly in the courts. A Quebec tax case decided last year, Thibault
v The Queen (1007 TCC 51 5.) but just released in its English translation last
month, sheds some light on the issues a court examines to determine what tax treatment
will prevail.
Use the Read
More link to view the complete article. |
Taking
Stock
Option grants count as income |
|
|
 Employees
who participate in employee stock purchase plans (ESPPs) or exercise employee
stock options only to find the price of the shares plummet thereafter are left
with a potentially explosive tax problem. That's because, under Canadian tax law,
if you purchase shares through either an ESPP or by exercising an employee stock
option, your taxable employment benefit (and thus your tax liability is based
on the difference between the price you paid for the shares and the fair market
value of shares on the date you receive them.
Use the Read More
link to view the complete article. |
| Setting
goals - here's how |
 |
|
 It's
not as fickle as any new years resolution can be, but setting goals for you financial
future is a matter of rethinking your priorities.
|
| A
good article is always worth a re-read |
|
|
 In
that same vain we have a small number of MoneyPlanner magazines with its main
theme “How to build financial security” subtitled “Financial strategies
for Canadian families”.
This 96-page publication is free while quintiles last. While published in 2006
- The articles are extremely relevant for certain circumstances and in some cases
timeless. Renowned financial commentators such as Monica Townson, Gordon Powers,
Jade Hemeon, Terri Williams and Wendy Cutbert having insight and illuminating
articles and commentaries.
It contains six financial planning articles that run the gambit from savings taxes
thoughts borrowing and debt management. The retirement planning section, address
such issues as having sufficient cash flow to match your desired life-style, income
splitting to working after retirement. Geoff Kirbyson and Yan Barcelo offer two
views on RRSP planning. Getting money out of your rrsp and spousal contribution
to RRSPs. Managing money, constructing a portfolio, income or growth with a mixture
of tax-time strategies are to be found in its Investment Planning pages.
Insurance and estate planning reviews incorporating a “Trust” into you
planning, becoming disabled–how to manage that prospect, is insurance the
answer?
Another topical subject is, how clear and how relevant are your instructions in
your will – if it was written perhaps a decade ago – Gavin Adamson takes
you through the twists and turns in “The Winding Road Ahead” his article
explores those realities.
Please e-mail your address to feedback@fiscalagents.com
with the subject line as "MoneyPlanner" and we’ll send you a copy. |
|
From
the web:
Shift Happens
|
|
|
 We
continue our new monthly segment with a clip found via YouTube - "Shift Happens",
a presentation of the results of a hard-working statistician's data collection
about the human population.
Use the Read
More link to view the complete article. |
|
|
 |
Today's
Market Rates |
|
|
| |
Taken from the FiscalAgents.com
Money Centre, as of 4/29/08
| Term
Deposits |
3.55%
|
Annually,
180-269
Days, $25,000 |
| GICs |
4.76%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
4.76%
|
| Annually,
5 Year, $25,000 |
| RRIFs |
4.90%
|
| Annually,
5 Years, $50,000 |
| RRSPs |
4.76%
|
| Annually,
5 Year, $5000 |
| Savings
a/c |
3.00%
|
| Daily |
|
Click the link below to view our best-offered rate table.
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|
 |
|
Mutual
Fund Statistics:
March 2008 |
|
|
|
| Assets
under management: |
| $687.6
billion |
| Net
sales (excl.reinv.distr.): |
| $2.58
billion |
| Fund-on-Funds
Assets under management: |
| $110.1
billion |
| Fund-on-Funds
Net Sales (excl.reinv.distr.): |
| $629.4
million |
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