globeandmail.com
    globeandmail.com/globe-investor/portfolio-and-tools

Breaking News

globeandmail.com
Reuters


Today's Globe
Education Centre


 
Investing & Markets

Keith Damsell
Dave Ebner
Angela Barnes
Peter Kennedy
Allan Robinson
Avner Mandelman


Personal Finance

Rob Carrick
Tim Cestnick
Tony Martin
Andrew Allentuck


Financial Services

Andrew Willis
Richard Blackwell
Karen Howlett
Paul Waldie
Derek DeCloet


Economy & Industry

Eric Reguly
Patricia Best
Richard Bloom
Brent Jang
Elizabeth Church
Barrie McKenna
John Partridge
Deborah Yedlin
Mathew Ingram

-
 


  Tax-free savings accounts have key estate-planning role
TIM CESTNICK  

Friday, July 31, 2015

tcestnick@waterstreet.caIt always amazes me how people scramble to get their estate planning in order a week before they will be hopping on a plane to fly somewhere. In actual fact, you're far more likely to be fatally injured in a car accident than a plane crash.
FULL STORY


Tax assessments based on your net worth: Be prepared
TIM CESTNICK  

Friday, July 24, 2015

tcestnick@waterstreet.caIs there anything that keeps you up at night? Do you worry about anything in particular? My friend, Paul, is generally a worrier.''Tim, when you dry off with a towel, dead skin cells cling to its surface, providing protein to feed micro-organisms like Staphylococcus aureus, which can cause infections or even toxic shock syndrome,'' Paul told me recently.
FULL STORY


Avoiding the messiness of posthumous estate transfers
TIM CESTNICK  

Friday, July 17, 2015

tcestnick@waterstreet.caMy anniversary is coming up in two weeks. For our first anniversary many years ago, I bought Carolyn a 50-piece dinner set - called a box of toothpicks. That didn't go over so well. The next year I bought her some new golf clubs, which she thought was an improvement (until she found out that the clubs happen to fit me perfectly).
FULL STORY


Keeping the cottage in the family and the taxman at bay
TIM CESTNICK  

Friday, July 10, 2015

tcestnick@waterstreet.caThere was a day a few years ago when my cottage was much simpler to look after. I used to drive to Muskoka on the first long weekend in the summer and, in a total of 12 minutes, have the place ready to go.
FULL STORY


Have a disability in the family? Claim all the tax relief you can
TIM CESTNICK  

Friday, July 03, 2015

tcestnick@waterstreet.caMy grandfather had a great sense of humour. ''Tim, I sleep like a baby,'' he would say.''I have no hair, no teeth and I wake up several times in the night.''
FULL STORY


Tax relief is available for those with disabilities
TIM CESTNICK  

Friday, June 26, 2015

tcestnick@waterstreet.caMy grandmother passed away last year. I recall the pastor of her church visiting her a couple of years ago, and he spent a few moments praying with her.
FULL STORY


Lending money for a business? Do it right to save tax
TIM CESTNICK  

Monday, June 22, 2015

tcestnick@waterstreet.caIt was Shakespeare who wrote, in Hamlet, ''Neither a borrower nor a lender be; For loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.'' Any time the words ''dull'' and ''husband'' are used in the same sentence, my wife, Carolyn, will sit up and take notice - as though there's a cure for such a problem. Shakespeare, however, was writing about the folly of lending money to friends.
FULL STORY


Joint ownership may not be all it's cracked up to be
TIM CESTNICK  

Friday, June 12, 2015

tcestnick@waterstreet.caMisunderstandings can often lead to unintended outcomes. I think of our neighbour, Genevieve. She's originally from Quebec, is francophone and moved to Ontario a couple of years ago. Genevieve's English was not very good when she first arrived. She heard her son talking one day about ''skinny-dipping,'' which she thought simply meant ''a quick dip in the pool.''
FULL STORY


Flipping? Keep these tax criteria in mind
TIM CESTNICK  

Monday, June 08, 2015

tcestnick@waterstreet.caIt's no secret that if you sell your principal residence, you might be able to sell it tax-free, thanks to the ''principal residence exemption'' (PRE). The problem?
FULL STORY


Get your estate planning in order - for the sake of your heirs
TIM CESTNICK  

Thursday, June 04, 2015

tcestnick@waterstreet.caI love the summer months.Sure, it's a time to enjoy some warmer weather, but it's also a good time to reflect on my estate planning. A lot of people don't like to think about the day when they won't be here any more. Woody Allen once said, ''I'm not afraid of death; I just don't want to be there when it happens.'' The reality is, you've got to think about that day when you won't be here any more. If you don't, you could leave a mess for your heirs, and could pay a lot more to the taxman than necessary. Let me share a story that we can all learn from.
FULL STORY


Six tax mistakes cottage owners should avoid
TIM CESTNICK  

Friday, May 29, 2015

tcestnick@waterstreet.caAs a cottage owner, I've been careful not to make many mistakes. According to Carolyn, the biggest mistake I've made was trying to grow a Grizzly Adams beard last summer while relaxing at the lake for a week. If you own a cottage, or are thinking of buying one, be mindful of the following cottage-owner mistakes that can cost you big tax dollars if you're not careful.
FULL STORY


Overtaxing the rich: The debate rages on
TIM CESTNICK  

Friday, May 22, 2015

tcestnick@waterstreet.caReaders have spoken. Well, there were more than 650 comments at last check. I'm referring to the comments made online at theglobeandmail.com following the publication of my article ''Overtaxing the rich: A cautionary tale'' (tgam.ca/EJa0) last Friday. In that article, I shared a parable to make a point: If you overtax the rich, and refuse to offer up tax breaks to the wealthy while the rest of Canadian taxpayers receive tax cuts, then don't be surprised if the rich take meaningful steps to reduce their taxes. Some might get up and leave. In the end, we'll all be worse off.
FULL STORY


Maximize your estate: Make TFSA contributions from your RRIF
TIM CESTNICK  

Monday, May 18, 2015

tcestnick@waterstreet.caSome people will do anything for a large inheritance. Take Iowa lawyer Robert Allan Wright Jr., for example. Mr. Wright jumped at the chance to help a client collect an inheritance of $18-million (U.S.) in exchange for 10 per cent of the inherited amount. The problem? The inheritance was being offered up by a Nigerian prince by way of a form letter sent to probably millions of people around the world. As it turns out, Mr.
FULL STORY


Don't just tax the rich, or they might not come to dinner
TIM CESTNICK  

Friday, May 15, 2015

tcestnick@waterstreet.caThe nice thing about an election year that's accompanied by federal budget surpluses is that it's fertile ground for tax cuts - and both the Conservatives and Liberals have promised that tax savings are on the way. But who should really benefit from tax cuts? While it might not seem politically correct to suggest that the rich should get the lion's share of tax breaks, let me share a story that I first shared many years ago that provides food for thought here.
FULL STORY


CRA gaffes: Your taxpayer dollars at work
TIM CESTNICK  

Thursday, April 30, 2015

tcestnick@waterstreet.caI remember when I was a kid, I broke a window at home with a baseball that I had hit. My father made me pay for the window which, as I recall, cost quite a few weeks of my allowance.
FULL STORY


Review your savings strategy amid TFSA, RRIF changes
TIM CESTNICK  

Thursday, April 23, 2015

tcestnick@waterstreet.caMy father was telling me that he's enjoying his retirement years. He gets discounts at the theatre, speed limits are no longer a challenge for him, his joints are pretty good at predicting the weather and his secrets are safe with his friends because none of them can remember what he's told them. It's all good.
FULL STORY


Six tax-filing tips to save you money
TIM CESTNICK  

Thursday, April 16, 2015

tcestnick@waterstreet.caFiling a tax return by paper can be complicated nowadays. My brother-in-law has a friend living in Chimacum, Wash., who contacted the U.S. Internal Revenue Service to request a single blank copy of the U.S. personal tax forms from a prior year so that he could revise an old tax return.
FULL STORY


Know the rules if you're self-employed and planning to deduct work expenses
TIM CESTNICK  

Thursday, April 09, 2015

tcestnick@waterstreet.caCarrying on a business comes with certain risks. Just ask Shelley Rosenfeld, owner of the Plants and Planters store in Richardson, Tex. Her store was robbed after business hours more than once, so she installed a surveillance camera to catch the culprits. It worked. She captured on video a monkey scaling her fence, grabbing plants, flowers and accessories and handing them to an accomplice.
FULL STORY


Do the math when splitting pension income
TIM CESTNICK  

Thursday, April 02, 2015

tcestnick@waterstreet.caKids these days aren't the only ones texting each other.Many seniors are tech-savvy today, too. Seniors even have their own texting lingo. For example, BFF means ''best friend fainted.'' BYOT means ''bring your own teeth,'' LMDO means ''laughing my dentures out'' and SMPI means ''splitting my pension income.'' It's this last concept that I want to talk about today.
FULL STORY


The lowdown on this year's tax changes
TIM CESTNICK  

Thursday, March 26, 2015

tcestnick@waterstreet.caNow that the weather is improving, it can only mean four things: (1) the NHL playoffs are just around the corner, (2) the Blue Jays home opener is nearly upon us, (3) the Masters golf tournament is nearly here and (4) your tax return is due pretty soon.
FULL STORY


Stock options can leave you with a nasty tax bill
TIM CESTNICK  

Thursday, March 19, 2015

tcestnick@waterstreet.caFairness is in the eyes of the beholder. You might recall the story of Jerome Kerviel, who was the ''rogue'' derivatives trader who worked at the Societe Generale SA bank in Paris. Mr. Kerviel was convicted in 2008 for breach of trust, forgery and unauthorized use of the bank's computers, which resulted in losses to the bank of about $7.5-billion. Mr. Kerviel was fired, but he claimed the bank was being unfair.
FULL STORY


Child-care costs can save you tax - now more than ever
TIM CESTNICK  

Thursday, March 12, 2015

tcestnick@waterstreet.caMy kids can drive me nuts. I often wonder if it's me with the problem. I was speaking to my neighbour, who's a psychiatrist, about it. ''John, I think I'm being reasonable. I think my kids are just being defiant,'' I said.
FULL STORY


Buying a home can be easier with help from your RRSP
TIM CESTNICK  

Thursday, March 05, 2015

tcestnick@waterstreet.caA friend of mine lives in Massachusetts and made an offer on a home that seemed unusually low in price. As it turns out, the home is next to an infamous property that was condemned by city officials in the recent past because it reeked of garbage and was infested with cockroaches.
FULL STORY


Tantalized by the prospect of taking a sabbatical? Familiarize yourself with the DSLP
TIM CESTNICK  

Thursday, February 26, 2015

tcestnick@waterstreet.caI told my son this week that if there's one career to avoid, it's that of a referee. I've got three kids in hockey, so I know the verbal abuse that refs absorb. And it happens in any sport. Even the most respectable fans can find themselves harassing referees.
FULL STORY


Watch out, snowbirds: The taxman's foreign reporting rules have gotten trickier
TIM CESTNICK  

Thursday, February 19, 2015

tcestnick@waterstreet.ca
FULL STORY

In The News
 
Mutual Fund News
Mutual Funds: A Special Investigation
Mergers & Acquisitions
Income Trusts
Streetwise Insight
Economic Insight
Analysts and Investment Banking
 
Education Centre
 
Home Page 
Investment Strategies 
Tax Zone
Financial Planning
Estate and Insurance 
Financial Courses 
Canadian MoneySaver
Mutual Fund Insight
The Wise Investor 
Value Investing Guide 
Resources
 
Newswires
 
Canada NewsWire
CCN Matthews
Filing Services Canada
GlobeNewsWire
PR Newswire
Search the News
  Symbol*

 
Keyword(s)
  Industry* 

Source 
 The Globe and Mail
 Reuters
 Canadian Newswires
 U.S. Newswires
* Can only be used when searching The Globe and Mail and Newswires.