Yisroel Sandel | Delsan Group

Want to give up your US passport? Have you paid your US exit Tax?

If you are a dual citizen looking to give up your US passport, the tax implications of being an expatriate are a complicated minefield to navigate. The reality is not all US expatriates need to worry, only those considered to be “Covered Expatriates”, under the Internal Revenue Code rules. These people must take careful consideration […]

QC. Income taxes going up in 2013

The marginal tax rate in Quebec will edge up for those earning $100,000 or more a year. The highest marginal rate in Quebec for 2012 was 48.22 per cent and now the highest marginal rate in Quebec as of Jan. 1 is going to increase to 49.97 per cent. Higher-income earners will be hit even […]

FAMILY TRUSTS & THE 21 YEAR RULE

Family trusts are popular estate and succession planning vehicles for a good reason: they can be versatile and effective tools to help manage family wealth and taxes. But many Canadian family trusts are now well into their second decade and need attention to avoid significant and even devastating tax bills triggered by the Income Tax […]

MDRT: Million Dollar Round Table Meeting Notes!

I am just back from the MDRT Million Dollar Round Table annual meeting taking place this year in the Anaheim California convention center, where I had the chance to meet with the top people in the financial industry from all over the world and I am thrilled to share with you some of the highlights […]

Government Retirement Benefits.

The Canadian government recently announced that it would do everything to make sure that retirement plans such as the Old Age Security (OAS) plan and the Canada Pension Plan (CPP) would not disintegrate (a concern of many Canadians who have been banking on these plans). While this is good news for the most part, there […]

RRSP’s: Does It Save You Tax?

What does RRSP’s do? The most typical response to this question is that they defer taxes. Should you get that answer as well, then you’ve got it only half right! The part you may have overlooked may be more important to your future than you may realize! So then, what does RRSP’s really do? The […]