Invesco Canada blog

Insights, commentary and investing expertise

Tax and estate planning: How do fund distributions affect ACB?


October 5, 2021
Subject | Tax & Estate

Most investors who hold funds (e.g., mutual funds and exchange-traded funds) in non-registered accounts are familiar with how purchases and redemptions affect their adjusted cost base (ACB). However, many are not aware of how distributions affect their ACB. Distributions can impact an investor’s ACB depending  on the income characterization of those distributions and whether they are reinvested or paid out in cash.

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Tax and estate planning: What you need to know about gifting to family members (Part three)


August 12, 2021
Subject | Tax & Estate

Our previous two blog posts talked about income tax implications when gifting to spouses and adult children. While the income tax implications are significant, the non-tax considerations outlined below may be just as important to keep in mind when making a gift. As always, please consult your advisors and/or other professionals regarding your personal situation.

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Federal Budget 2021: Personal Income Tax Measures


April 23, 2021
Subject | Tax & Estate

This is a three-part series focused on the 2021 Federal Budget. In this series, we’ll cover Personal Income Tax Measures, Business Income Tax Measures, and Sales and Excise Tax Measures, International Tax Measures & Other Measures. We’ll first review the tax-specific measures and then summarize the non-tax-specific measures.

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RESP withdrawals: basic rules and strategic considerations


September 24, 2020
Subject | Tax & Estate

A registered education savings plan (RESP) is an effective vehicle for funding post-secondary education expenses, although the complex withdrawal rules can be confusing. Parents with children who are currently attending or who will be pursuing post-secondary education want to make sure tuition and living expenses are well funded through RESP withdrawals. Parents whose children have already completed their post-secondary education or who have decided not to pursue post-secondary education at all, want to wind down the RESP in the most tax-efficient way. In this article, we go back to basics and review the three types of withdrawals available from an RESP, along with offering some strategic considerations when making a withdrawal.

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