Blog | Delsan Group

Why should I make a will?

A Will forms an essential part of your estate plan. It is a written document, “in Quebec, preferably done by a notary” that expresses your wishes for the distribution of your assets at your death. It will also deal with any debts of your estate ensuring that they are paid including any taxes owing. A […]

The power of compound interest

Albert Einstein once said that compound interest coupled with time was the most powerful force of all time. He was a pretty smart guy! Compound interest is really a math concept that shows the power of making interest not just on your principal but also on the interest. If you have $1000 and you make […]

A conversation every family Should have!

Although I am usually writing here myself, this time I came across an article from Bruce Sellery on MoneySense that I feel is worthy sharing with you. Here is almost the full article on MoneySense written by By Bruce Sellery. There are some questions we don’t want to ask our parents, but it’s important to […]

CRA New Rules Proposal – Private company tax planning – Passive investment proposal details

Here is an article from Manulife Financial on the discussion paper released by CRA on July 18th. It addresses the taxation of passive investment income in a CCPC. As Manulife puts it, this may be the most philosophically contentious part of the discussion paper. I will let you read and decide for yourself to see […]

Life Insurance Shares

An LI Share is typically a non-voting preferred share. LI Shares are a great tool for reducing Capital Gains Tax that arises on the death of a common stock shareholder. They are also commonly used for estate equalization purposes. Most of the demand for LI Shares is being driven by specialized accountants and lawyers who […]

U.S. Estate Tax For Canadians

U.S. citizens, are subject to U.S. estate tax on the fair market value of their worldwide assets on death. For 2016, the U.S. estate tax applies on the value of taxable estates in excess of U.S. $5,900,000 at a rate of 40%. It is also known that Canadians with U.S. vacation properties, commercial real estate […]

Succession planning tips for small-business owners

Thinking about handing over the reins to your business? These considerations will help you create an effective and tax-efficient succession plan. There are many benefits to being your own boss, both while you’re running your business and when you’re ready to step back from it. Because you’re in charge, you may have greater flexibility around […]

Ten things you need to do when your spouse dies

When you’re newly widowed, you need to think clearly and make good decisions in the midst of your grief. This checklist can help you get through it. Whether it’s a sudden loss or the result of a long illness, the death of your spouse is emotionally devastating and you will need time to grieve. However, […]

Which investments can reduce your tax bill?

Taxes may be inescapable, but your choice of investments can have a huge impact on how much tax you pay. It all depends on your personal situation and how you structure your investment portfolio. Investment income. A basic investment portfolio can generate three types of income: 1. Interest income. If you have a savings account […]

Canada Pension Plan – Should You Take it Early?

The new rules governing CPP were introduced in 2012 and they take full effect in 2016. The earliest you can take your CPP Pension is age 60, the latest is 70. The standard question regarding CPP remains the same – should I take it early or wait? While you can elect to start receiving CPP […]