Fri, 21 Feb 2020 18:28:16 +0000

Death is no excuse when it comes to paying the taxman his due

Jamie Golombek: Heed the lessons from this case involving two sisters, their late father’s RRIF and the Canada Revenue Agency



Fri, 21 Feb 2020 14:40:12 +0000

Trapped in a house they can barely afford, this Ontario couple needs to find ways to build up savings

With no defined benefit pensions, this couple is on their own in planning for retirement — and a huge mortgage on their modest home isn't helping



Wed, 19 Feb 2020 15:24:12 +0000

Are RRSPs really worth it? The answer may surprise you

Ted Rechtshaffen: With RSPs, there is a time to contribute, there is a time not to contribute and there is a time to withdraw funds — choose wisely



Tue, 18 Feb 2020 17:58:12 +0000

Account for RESPs in any separation agreement, or risk getting taught a lesson in court

Adam N. Black: Separated parents should thoughtfully and carefully plan for a child’s future post-secondary expenses



Fri, 14 Feb 2020 15:27:37 +0000

Why you can’t claim a rental loss when you give your adult children a cut-rate deal on rent

Jamie Golombek: Tax court rules that taxpayer renting to children was not in pursuit of profit, but a personal endeavour



Fri, 14 Feb 2020 14:44:11 +0000

Elon Musk, short on cash, keeps borrowing more and more money even as Tesla stock surges

Musk has US$548 million in personal loans from Morgan Stanley, Goldman Sachs and Bank of America, an increase of 8 per cent since May



Fri, 14 Feb 2020 12:00:53 +0000

How couple ‘in love with the sea’ can keep boat, way of life without downsizing for the next 20 years

Two-stage solution based on taking out income and then, when capital has been spent, downsizing their $1,200,000 house to get more money



Thu, 13 Feb 2020 19:04:22 +0000

Jeff Bezos just spent $165-million on a Beverly Hills mansion — a record for Los Angeles

Sale comes just days after filings showed Bezos cashed out US$4.1 billion of Amazon shares



Tue, 11 Feb 2020 16:14:34 +0000

Location really is everything when it comes to dividing family property amid bankruptcy

Laurie H. Pawlitza: Whether a former spouse's pension can be shared after bankruptcy depends entirely on where he or she lives



Mon, 10 Feb 2020 18:42:38 +0000

375 Canadians a day went insolvent last year, the most since the financial crisis

Business insolvencies rose for first time in almost two decades




CONTACT US TODAY

Error...

Please, enter a valid value

OUR TEAM

Robert Pellegrino, CPA, CGA

905-761-8080 ext. 224
rpellegrino@kbfp.ca 

Philip Bright, CPA, CGA

905-702-1730
pbright@kbfp.ca

Fill out all required fields.