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Incorporated business owners can choose how to pay themselves. Some receive limited input from their accountant regarding their compensation strategy, or they simply continue using the same approach without occasionally reconsidering it.
With the year winding down, savvy Canadian investors start thinking about tax loss selling to optimize planning opportunities and reduce tax. Tax loss selling is a planning strategy that allows investors to offset taxable capital gains by realizing capital losses in their portfolios. While relatively straightforward, the rules around tax loss selling—particularly the deadlines, superficial loss rules, and integration with broader financial goals—are nuanced.
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Are you aware that in Canada, your deposits may be protected if your financial institution were to fail? Do you know the coverage limits, how much is protected, and how? Let’s dive into the corporation that was established by the government of Canada to keep your deposits safe and secure, CDIC.
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By Zayla Saunders, Sr Associate, Online Distribution, BMO ETFs
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By Zayla Saunders, Sr Associate, Online Distribution, BMO ETFs