Peter Boys, Boys Financial Services

Category Archive for: ‘Taxation’

My Thoughts on the Liberal’s Proposed Tax Changes

tax changes

I have spent considerable time reading through the draconian proposed tax changes and can only reach one conclusion; the current …

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CRA’s Tax Changes for Incorporated Businesses

tax changes

The 2017 Federal Budget alluded to certain tax changes for small business owners, including incorporated professionals such as doctors, lawyers, …

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Tax Deadlines to be Aware of in 2017

tax deadlines

January heralds the start of the annual panic of gathering up all those documents that we need for the income …

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Tax & Other Changes to Life Insurance Coming January 1st

tax and life insurance

This is an important notice to all holders of term life insurance policies who may be wishing to upgrade their …

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2017 Tax Changes to Life Insurance

tax changes 2017

Tax Changes are coming in January 2017 that will affect how life insurance is taxed.  As well, life insurance rates …

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Prepare for Upcoming Tax Changes

tax changes

Governments cannot run big deficits without raising taxes.  We are seeing some tax changes coming in 2017 with more to …

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Tax Benefits of Home Ownership

home ownership

The biggest investment most of us will make in our lifetime is our home. While providing a roof over our …

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CRA is Changing the Tax Rules for Life Insurance in 2017


It seems that all good things either come to an end or get changed, and life insurance taxation is no …

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‘Tis the Season for Charitable Gifting


We Canadians have a strong tradition of donating to charities. Unfortunately due to government funding cutbacks, the amount of public …

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TFSAs – Coming of Age in 2015


TFSAs have become a much more valuable investment option today as a result of the last budget update, which now …

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Understanding Tax Freedom Day


As a follow up to my recent article “Will CRA be the big winner when you die”, I thought it …

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Will CRA Be The Big Winner When You Die?

Tax Planning

Unfortunately there are many people who underestimate the slice that CRA could take when they die due to the imbedded …

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Tax Strategies for 2015

Tax Strategies

For Individuals: Prescribed rate loan to a spouse:  If you’re married, consider establishing or modifying a spousal loan as a …

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When to use a Spousal RRSP

On Beach

I often get questions from couples wanting advice as to whether they should consider a spousal RRSP to help cut …

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Tax Tips and Year-End Reminders

Cutting Taxes

Now that 2014 is winding down, here’s a reminder to take advantage of some last-minute tax tips before the time …

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2015 Indexation Adjustment from CRA

Tax Forms

    ***Reprinted from CRA*** 2015 indexation adjustment for personal income tax, benefit amounts, and the annual dollar limit for …

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Taxation Changes Will Dramatically Impact Some Canadians

Caution Sign1

Proposed taxation changes to how CRA will tax prescribed annuities are hidden in other changes planned for life insurance products. …

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Don’t Wait Until April To Review Your Taxes: Five Strategies For Year-End

Tax Return

The original article can be read on Canadian Newswire With the year coming to a close, it’s time to think …

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12 TFSA Considerations for Canadians


In the spirit of making last-minute financial plans, here is a bullet list of 12 TFSA considerations for Canadians. While …

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2012 Year-End Tax Tips


Canadians have less than a month to take advantage of year-end tax savings. Here are five of the most overlooked …

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