Make life less taxing


Tips and insights for tax planning for
major life events from tax expert, Evelyn Jacks

 

Smart investors understand the degree to which taxes can negatively impact overall portfolio returns. With careful tax planning, you can learn how to keep more of your money, no matter where you are on life’s journey.

Learn about the tax implications of most major life events in these informative articles, created by, Evelyn Jacks, Founder and President of Knowledge Bureau1, one of Canada’s leading tax professionals.

Three ways to focus your investment strategy

Learn how defining your “Wealth Purpose” and having a clear time horizon and tax strategy can help you better achieve your financial goals.

Read article, Three ways to focus your investment strategy
First Job – Working from home; make sure it’s deductible

As the gig economy becomes increasingly commonplace, there are potential tax benefits that could help both new and mature workers considering self-employment.

Read article, First Job – Working from home; make sure it’s deductible
First Home – Young adults; tax-smart home purchases

Discover five tax planning strategies that can help turn the investment in your first home into a cornerstone of wealth that could eventually be tax-exempt. 

Read article, First Home – Young adults; tax-smart home purchases
Marriage – Investing with a new spouse

Deciding to marry or co-habit is one of life’s most important decisions – explore the potential tax benefits and impacts resulting from your new union. 

Read article, Marriage – Investing with a new spouse
New Baby – Financial gifts from the CRA 

Find out how to offset some of the costs that come with your new bundle of joy. Plus, learn why now is a great time to consider the tax-efficient savings options available for post-secondary education.

Read article, New Baby – Financial gifts from the CRA 
Tax assistance for health and disability issues

Are you the primary caregiver for a loved one who is disabled or profoundly ill? Discover tax programs specifically designed to help ease the stress experienced by families like yours.

Read article, Tax assistance for health and disability issues
Divorce and separation – Tips for your new taxpayer status

Going through a separation or divorce is a very difficult process – by following these tips, you may be better prepared to understand the potential tax consequences.

Read article, Divorce and separation – Tips for your new taxpayer status
Planning with public pensions - CPP and OAS

If you’re planning now for retirement, get up-to-speed on taxation rules that may enable pension deferral and income splitting under the two major public plans:  the Canada Pension Plan (CPP), and Old Age Security (OAS). 

Read article, Planning with public pensions - CPP and OAS
Planning with private pensions – Reduce tax with income layering

During retirement, you’ll be drawing income from the savings you’ve accumulated throughout your working years. Learn how layering income from your savings accounts can help “average down” taxes payable during retirement.

Read article, Planning with private pensions – Reduce tax with income layering
Succession: How and when to transfer assets during your lifetime

Learn how to create a plan to transfer assets to the next generation, so your wishes are respected and your heirs’ tax bills are minimized.

Read article, Succession: How and when to transfer assets during your lifetime