I have commented in a Winnipeg Free Press article on the difficult choices one couple is faced with and the Tax and Estate Planning that could take place. The article by Joel Schlesinger titled “Cancer diagnosis leaves couple with little time to make difficult choices”, is Part one of a two part article, and was [...]
Category Archives: Tax Planning
If you are contemplating your estate plan and concerned with issues that will affect the legacy you leave to your loved ones, you should read the Winnipeg Free Press article by Joel Schlesinger in the Money Matters column on March 24th, 2012 in which I was interviewed. To view a copy of the article, click here.
Are you interested in purchasing a vacation property in the United States? If a sunny spot to call your own in Arizona, Florida or California or any other U.S. destination is on your wish list, check out the Winnipeg Free Press article by Joel Schlesinger in the Money Matters column on November 6th, 2010 in [...]
Doctors, like many Manitoban professionals, are permitted by their governing Act to incorporate and practice through a “professional corporation.” What does this mean? For the patient, not a thing. But for the physician, it can mean substantial tax advantages. But, of course, there are disadvantages as well. The main drawbacks to incorporation are the initial and [...]
TAXES…..The word alone creates stress and anxiety. Most people think the amount paid in taxes is unfair and even more so if owed upon the death of a loved one. Typically, on the death of a taxpayer, he or she is deemed to realise all accrued gains and losses on capital properties owned by the [...]
Partnership is the term used to describe the business relationship between persons (which includes individuals and corporations) who carry on a business with a view to profit. Partnerships are a popular and effective investment vehicle as they allow the partners to combine their individual talents, skills, and resources in a common business interest. In Manitoba, The [...]
Often times, when I meet with clients, one of their main concerns is how to avoid paying taxes, especially when assets are passing to children. Well, it’s not always easy to avoid paying taxes, but in certain circumstances there are opportunities to reduce, defer or split income. One often-overlooked strategy to assist with income splitting is through [...]