Buying (0) product
Tax Planning for You and Your Family 2016
Tax Planning for You and Your Family 2016
By: KPMG LLP, Paul B. Hickey, CPA, CA (Toronto), Peter J. Bangs, CPA, CA (Ottawa), Carol Bethune, MA (Toronto)
ISBN/ISSN/Product Number: 978-0-7798-6641-0
Product Type: Book S.O. Annual/biannual/biennial
Anticip. Upkeep Cost: Annual volumes supplied on standing order subscription
Number of Pages: Approximately 380 pages
Number of Volumes: 1 volume bound
Binding: softcover
Publication Date: 2015-11-26
Publisher: Carswell
Availability: In Stock


If you need assistance, please call us at (416) 609-3800 (Toronto & international) / 1-800-387-5164 (toll free Canada & US).

We will be glad to assist you.

This book offers practical, easy-to-understand strategies that can help you keep more of your hard-earned dollars and boost your family's net worth

Editors-in-Chief: Paul B. Hickey, CPA, CA (Toronto) and Peter J. Bangs, CPA, CA (Ottawa)
Editor: Carol Bethune, MA (Toronto)

In Canada, taxes are one of the biggest obstacles to the creation and preservation of independent wealth. Whether you're a student, a married or single parent, an executive or the owner-manager of your own business, this book offers practical, easy-to-understand strategies that can help you keep more of your hard-earned dollars and boost your family's net worth.
Up to date for 2016 by the tax and financial planning team at one of Canada's largest professional services firms, KPMG, this year's guide gives you the latest on federal and provincial tax credit amounts, and new information on:
  • Creating a sound financial plan for your family's future and your retirement
  • Making the most of the special tax breaks available for students, working parents, first-time home buyers, seniors, and people with disabilities
  • Developing an investment strategy and planning for investments in tax-effective vehicles like stocks, bonds, mutual funds, and life insurance products
  • Deferring taxes through popular savings vehicles like Registered Retirement Savings Plans, Tax-Free Savings Accounts, Registered Education Savings Plans and Registered Pension Plans
  • Reducing taxes on your income from your job or your business by maximizing your claims for items like automobiles, moving costs, and home office expenses
  • Structuring your charitable donations, both during your lifetime and in your will, to help maximize the value of the gift to the charity and the tax benefits to you or your estate
  • Shielding your earnings and property from U.S. Income and estate taxes
  • Creating a plan to leave more to your heirs and less to the tax authorities through strategies such as estate freezing, family trusts, and business succession planning
  • Fulfilling your obligations to a deceased person's estate and beneficiaries as an executor and estate trustee
  • Dealing with the tax collectors, from filing your return to launching an appeal of taxes in dispute

Tax Planning for You and Your Family – your guide for saving money at tax time and all year round.

What's New

In addition to updated federal and provincial tax rates and tax credit amounts, this year's book offers new information on:

  • Changes to the taxation of testamentary trusts and estates
  • New Family Tax Cut credit for notional income splitting
  • Increase to the annual contribution limit for Tax-Free Savings Accounts
  • New Home Accessibility credit for seniors and people with disabilities
  • Tax rules for Canadians who hold U.S. green cards
  • An updated round-up of HST and provincial sales tax rates in effect across Canada
  • Increase to the lifetime capital gains exemption for farming and fishing property

Also available in French : Vous, votre famille et le fisc 2015
About the Author
KPMG LLP is Canada'’s largest firm of chartered accountants. The firm provides a full range of services including auditing and accounting, financial and business advice, income and commodity taxation, receivership and insolvency, and computer assistance.