Articles
Pros and Cons of Insured Retirement Plan (IRP)
January 02, 2025
An Insured Retirement Plan (IRP) is a financial strategy that combines life insurance with retiremen...
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Immediate Financing Arrangement: Protect Your Estate Without Foregoing Business or Investment Opportunities
January 02, 2025
An Immediate Financing Arrangement (IFA) offers a unique financial strategy for individuals and busi...
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Immediate Financing Arrangement (IFA): What is it and How Does it Work?
January 02, 2025
An Immediate Financing Arrangement (IFA) lets individuals or business owners obtain life insurance c...
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Kiddie Tax
January 02, 2025
The “kiddie tax,” detailed in Section 120.4 of the Canadian Income Tax Act, applies to income earned...
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Automobile Expense Deduction for Canadian Income Tax Purposes
January 02, 2025
In Canada, both employees and self-employed individuals may qualify to deduct certain automobile exp...
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How Severance Pay is Taxed in Canada
January 02, 2025
Severance pay is compensation provided to employees upon termination of employment. While it offers...
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