Colin Blog Post - Interview Does Your Spouse Qualify

Does Your Spouse Qualify?

  Does your spouse qualify? This week we interviewed Julien Grenier, accountant and partner at Talbot & Associates. We discuss what CRA looks at when determining whether your spouse can or can’t use their capital gains exemption on the sale of your farmland.   Julien can be reached at julien.grenier@talbotcpa.ca or 204-269-7460 Looking for more? Download your Farm…

Tax Planning Strategies - Part 4

Tax Planning Strategies: Dealing with Capital Gains (Part 4)

Wanda has been investing for a long time and is quite familiar with buying when prices are low and selling when prices are high. Past non-registered account purchase In 2010, she had purchased $100,000 of ABC Corp, and today, it’s worth $250,000. Wanda is now ready to sell her investment as she believes the stock…

Tax Planning Strategies - Part 3

Tax Planning Strategies: Tax-Loss Selling (Part 3)

Tax-Loss Selling Judy bought $400,000 of ABC Bank shares in her non-registered account. Today her ABC Bank shares are worth $375,000, and she is showing a $25,000 loss. Judy plans on holding these shares for the next ten years, so she isn’t overly concerned with the short term drop in her investment. For this week’s…