Paying a high price for success, even after you die

There’s no hiding from the success tax, but several things can help legally reduce or even eliminate the amount your estate or your heirs pay

Paying a high price for success, even after you dieThere’s no official estate tax in Canada but we do have what I call the success tax. It's what we pay if we’ve been financially successful in a lifetime of investing and asset accumulation. The more successful you’ve been, the greater the tax could be. If you have assets that will be taxable when sold or when deemed to have been…

Start your 2017 tax planning now

Prepare for RRSP and TFSA contributions, set aside money for taxes, save and organize receipts, track medical expenses and record any moving costs

Start your 2017 tax planning nowNow that the 2016 tax filing deadline has passed, it’s time to think about next year. Every year, many of us say next year we’ll be better prepared. But as time goes on, we often revert to old habits. Next year, we find ourselves in the same position as last year – running around at…