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Forum: Canada

Jan 3rd 2019, 12:05 am

Replies: 2

CRA tax implications of a monetary gift?

Views: 873

Posted By essexlad69

Re: CRA tax implications of a monetary gift?

From a cash perspective their is zero taxes owing, had the gift been a capital gift, then attribution rules may apply, depending on the valuation of the capital asset at the time of gifting.

Forum: Canada

Aug 27th 2018, 12:50 am

Replies: 2

Tax on Uk Pension

Views: 927

Posted By essexlad69

Re: Tax on Uk Pension

Considering Gbp 18,000 is approximately Cad $30,000 and this would be her only income, ignoring the 25%, that would only create an average tax rate of around 15.50% in the year taken. That could make...

Forum: Canada

Aug 16th 2018, 12:33 am

Replies: 8

private medical care

Views: 1,169

Posted By essexlad69

Re: private medical care

Is this coverage just for yourself,or with a partner or family? Coverage through insurers can be expensive, around $160 a month, just under $2k a year. This will cover dental and medical and only a...

Forum: Canada

Aug 5th 2018, 4:31 am

Replies: 136

Uk pensions in Canada

Views: 50,565

Posted By essexlad69

Re: Uk pensions in Canada

That was exactly what I was getting at Siouxie. Using an international third party makes no sense and are only looking out for themselves. I would discuss all options with a Canadian tax accountant...

Forum: Canada

Aug 3rd 2018, 7:32 am

Replies: 136

Uk pensions in Canada

Views: 50,565

Posted By essexlad69

Re: Uk pensions in Canada

Hi Kenton,Why are you using a US company for a UK pension to Canada? What is the point of the middle man? Surely drawing the pension from your UK SIPP and transferring it to a Canadian bank account...

Forum: Canada

Jul 23rd 2018, 5:53 am

Replies: 5

advice on house hunting trip please

Views: 1,038

Posted By essexlad69

Re: advice on house hunting trip please

Hi Rebecca. I'm not from Edmonton but Ontario, I imagine the same rules would apply. Firstly look for the area you are thinking of moving to and look on the MLS.ca website to see what's available and...

Forum: Canada

Jul 21st 2018, 10:19 am

Replies: 25

Finance & money advice sites

Views: 2,116

Posted By essexlad69

Re: Finance & money advice sites

Glendem4, an MSE would be a great idea, I certainly would be happy to contribute. You also have to realise that not everyone is as financially savy as you and are seeking solid advice that the banks...

Forum: Canada

Jul 21st 2018, 7:51 am

Replies: 25

Finance & money advice sites

Views: 2,116

Posted By essexlad69

Re: Finance & money advice sites

Just another add......There are also a great site, taxtips.ca that gives you a really good, simple understanding of taxation around investments. It's no good investing if you have no idea of the tax...

Forum: Canada

Jul 20th 2018, 2:47 am

Replies: 25

Finance & money advice sites

Views: 2,116

Posted By essexlad69

Re: Finance & money advice sites

Sadly yes. Some advisers will state they are "fee free", which looks great, but the reality is if you are buying mutual funds with a fee free adviser then you are paying double as you're paying his...

Forum: Canada

Jul 20th 2018, 1:34 am

Replies: 25

Finance & money advice sites

Views: 2,116

Posted By essexlad69

Re: Finance & money advice sites

If you decide to work with a Financial Adviser you would do well to look at FPSC website, it's the Financial Planning Standards Council website, which allows you to find a Certified Financial Planner...

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