Tax Planning

Realizing Capital Losses Before Year-End

by Bev Moir on November 27, 2006

Q. I am 30 years old and a young investor. I have learned from my parents to start investing for retirement early so that I know I will have enough money to retire comfortable. This year I have lost money in some of my investments both in my RRSPs and in my unregistered account. How [...]

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Nortel Securities Legislation

by Bev Moir on September 5, 2006

A Settlement in the amount of $438,667,428 in cash, and 314,333,875 shares of Nortel common stock was reached on behalf of investors who purchased Nortel common stock or call options on Nortel common stock, or wrote (sold) put options on Nortel common stock, during the period October 24, 2000 through February 15, 2001, inclusive. This [...]

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Tax Time Considerations

by Bev Moir on April 3, 2006

Q. I am completing my 2005 income tax return for submission by the April 30th deadline. My question arises because I may owe money and will not have it available by the deadline. What should I do? – Will S. A. It’s important to file your income tax return by the deadline and to include [...]

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Taxing Times

by Bev Moir on March 27, 2006

Q. My accountant wants me to get either a T3 or a T5 tax slip in order to complete the preparation of my 2005 income tax report. What are these forms and where do I get them? – Julia J. A. Taxable income generated through investment in mutual funds and segregated funds are reported by [...]

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Strategies for Using Your Tax Refund

by Bev Moir on March 20, 2006

Q. After making the maximum RRSP contribution this year, I will get a tax refund. What’s the best strategy for using this money? – Persaud D. A. There are several options available to you. A good idea is to pay down or eliminate debt, starting with your highest interest rate debt. For most people, this [...]

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Investments Reap Tax Savings

by Bev Moir on May 16, 2005

Q. If I use a home equity loan for investment, can I deduct the interest paid? Also, is the interest deducted from capital gains or taxable income? – Mike L. A. Your question relates to a landmark Supreme Court of Canada case decided in 2001, with the ruling in favor of the taxpayer, Mr. Singleton. [...]

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Taxes Shouldn’t Be Taxing

by Bev Moir on April 11, 2005

Greetings 24 Hours readers! I’m pleased to have the opportunity to respond to your questions and offer my financial advice. Having provided financial planning and investment advice to clients over the past 10 years, I’ve learned that the financial services industry can be overwhelming and confusing. It need not be so! Financial services should be [...]

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