Tax considerations for snowbirds
Before heading south this winter, make sure you know the potential implications that come with an extended stay in the US, owning US property, and the US estate tax.
Develop a tax strategy that complements your larger financial plan.
A developed tax strategy can have a significant impact on your income and growth, during working years and in retirement.
Four tax and financial planning to-dos before the end of 2024
Set yourself up for success in 2025 by taking action on these important tax deadlines in 2024.
'Tis the season for charitable giving
Considering a charitable gift before year-end? Learn more about the tax advantages and how this can reduce the after-tax cost of your donation.
How capital gains tax changes impact year-end planning
Taxpayers impacted by the capital gains inclusion rate increase have additional decisions to consider this year.
Capital gains tax changes: what it means for your corporation
With expected changes coming to the capital gains inclusion rate on June 25, 2024, we discuss the potential impact to corporations, as well as some strategies to consider.
Capital gains tax changes and the impact on your personal finances
This article discusses the potential impact changes to capital gains taxation might have on your personal financial situation.
Using estate freeze planning as a tax deferral strategy
Estate freeze planning is a popular strategy when it comes to tax deferral. Learn more about the benefits and risks that come with this type of approach.
Understanding your personal taxes in Alberta
An overview of how to calculate your personal tax rate, including basic tax concepts and how the amount of tax you pay is determined.
2024 federal budget: Tax and benefit highlights
Learn more about significant changes to capital gains taxation, enhancements to the Home Buyers’ Plan and the new Canada Disability Benefit.
Navigating the new trust reporting rules
Under the new tax rules, most trusts will now be required to file an annual T3 return. Make sure you understand your filing obligations to avoid penalties.
Reporting home office expenses on your 2023 personal tax return
Learn about the changes to the home office expense deduction for your 2023 personal tax return.
Income splitting? Know the TOSI rules first
Income splitting can be a valuable tax strategy for business owners, but it’s important to know the tax on split income (TOSI) rules and the exceptions.
2024 Alberta provincial budget: personal tax highlights
Learn more about personal tax changes proposed in the 2024 Alberta provincial budget.
2023 federal budget: rules for 2024 impacting business succession planning
Information for business owners considering the sale of their business to either their children, nieces/nephews or employees.
Residential property owners may receive relief from tax filing obligation
File your 2022 Underused Housing Tax return by April 30, 2024, to avoid interest and penalties.
New tax rules for high net worth individuals
Learn about the changes to the Alternative Minimum Tax (AMT) coming in 2024 and the potential impacts for high income-earning individuals.
2023 federal budget: tax and benefit highlights for individuals
Learn more about changes proposed for RESPs and RDSPs as well as tax and benefit announcements that may impact you.
4 tips for tax filing season
Here are 4 solid tips to get you on your way to tackle tax season with confidence.
The simple way to reduce tax in a market downturn
Tax-loss selling can be a solution for investors who want to reduce their tax burden. Learn more about this strategy and if it might be the right one for you.
Understanding adjusted cost base, and calculating your capital gains
Multiple investments and transactions? You’ll need to know how to determine your adjusted cost base - we explain how.
Immediate tax deduction for capital expenses
Tax, cash flow and financing topics to consider if your business is planning to acquire significant capital assets in the coming year.
Naming children or grandchildren as your RRSP or RRIF beneficiaries
Understanding the impact of designating children or grandchildren as beneficiaries and the taxation on your RRSP or RRIF account on your death is essential.
Naming your partner as the beneficiary of your RRSP or RRIF
Understand the methods available to pass the value of your RRSP or RRIF account to your partner and what to do in the event of a relationship breakdown.
Principal residence exemption
Learn about the CRA’s principal residence exemption for Canadians and what types of properties qualify as well as when to use this exemption to your advantage.
Tax considerations for rental and investment properties
Do you own or are you considering the purchase of a rental property? Learn about some common tax considerations for rental and investment properties.
What is the Foreign Account Tax Compliance Act (FATCA)?
The Foreign Account Tax Compliance Act is an American law that aims to prevent US taxpayers from using accounts held outside the US to evade American taxes
What is Common Reporting Standard (CRS)?
Common reporting standard, or CRS, is an international organization aimed at preventing tax evasion.
ATB Wealth experts are ready to listen.
Whether you're a beginner or an experienced investor, we can help.
Email: atbwealth@atb.com