Steps for Managing Financial Hardships and Difficulties

One of the most disruptive things to happen in your life is a financial hardship. These can come in many different forms, like losing your job, poor investments, natural catastrophes and illness. It is important, if you should find yourself in any of these situations, to remain invested in identifying your next steps and making Read More

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By |February 15th, 2018|Small Business Tips|

Marriage Breakdown – Tax Questions

Dear Uncle Bean:

My husband and I have decided to end our marriage.  We have been married for 7 years and have two small children.  How will this affect my taxes?

Distressed and Disturbed
Dear Distressed and Disturbed:
I am so, so sorry to hear about your situation.  Sometimes soul mates turn into soul duds.  Unfortunately, ending a marriage Read More

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By |February 13th, 2018|Uncle Bean Tax Corner|

Common Law and Tax Implications Question

Dear Uncle Bean,

My boyfriend and I moved in together about a year ago.  He is telling me that we have to select common law on our personal tax return for this year.  I don’t want to do this because it is almost like saying that we are married.  I’m not sure that I am ready Read More

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By |February 13th, 2018|Uncle Bean Tax Corner|

Feds Clarify Income Sprinkling Proposal

We’d like to share the following article from Advisor.ca, clarifying the rules for income sprinkling:

“The federal government provided revised income sprinkling measures Wednesday, offering clarity about how its controversial changes to the Income Tax Act will be implemented.

The feds “have significantly narrowed the scope, and they’ve provided clarity,” says Dave Walsh, partner and tax service Read More

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By |February 2nd, 2018|The Library|