As December 31st approaches, the need to decide on and implement tax planning strategies for the year becomes top-of-mind for many Canadians. There are some situations in which planning strategies involving TFSAs and RRSPs have to be put in place by the end of the calendar year.
Leaving the Canadian winter behind for a few weeks or months, doesn’t mean leaving behind the Canadian tax system. No one gives a lot of thought to the tax implications of taking an extended vacation, but the reach of our tax system is long, and there are tax consequences and costs which can result from spending an extended period of time outside of the country.
Making the most of your charitable dollar – the federal government’s matching program for Philippines typhoon relief donations
Canadians have a well-deserved reputation for responding with generosity to assist those affected by natural disasters. For every eligible dollar donated by individual Canadians to registered Canadian charities for the purpose of disaster relief in the Philippines, Canada will set aside one dollar for the Typhoon Haiyan Relief Fund.