– After this frustrating tax season, I’ve decided to shop around for a competent financial advisor. But I’m not really sure what I should be looking for
when I interview some prospects. Every candidate I’ve talked to tells me they’re eager to “look after my best interests,” but surely that’s job number one
for a personal financial advisor. What else should I expect? – Karyn L., Toronto, Ontario
If you are an employee, your tax-filing deadline for 2015 returns is May 2. If you haven’t filed yet, better get on with it! However, if you are
self-employed, or even if you simply carry on a business on the side in addition to your employment, you might have time to take a month or two “vacation”
from filing your taxes, because you may be able to take advantage of a June 15 filing deadline for your return.
While the actively managed Jarislowsky Select Balanced Fund may have been launched
only in 2010, Jarislowsky Fraser have been one of the most respected investment management companies in Canada since 1955. And in its short life so far,
this fund has managed to win the FundGrade A+ Award for two consecutive years. Here’s a closer look at
how they did it.
It’s important to be a law-abiding tax filer, but did you know that some sources of cash flow and income are not reportable on the tax return? Consider the
following checklist, and be sure to avoid paying extra tax by including them in error.
In March 2012, I launched a High-Yield Portfolio for readers seeking above-average cash flow and who were willing to live with a higher level of risk. I
cautioned at the time, and continue to do so, that this is a 100% equity portfolio with no bonds to cushion losses when stock markets retreat. Therefore,
it is best suited for non-registered accounts where any capital losses can be deducted from taxable capital gains. Also, a high percentage of the payments
from this portfolio will receive favourable tax treatment as eligible dividends or return of capital.