Expert’s Corner

2018 Federal Budget (PDF, 600 KB) 

Jamie Golombek discusses how the 2018 federal budget may impact you.

Video: Dispelling Common RRSP Myths. 3:46.

Act now for income splitting loans (PDF, 520 KB) 

The window for locking-in an income splitting loan at the lowest possible historical prescribed rate of 1% is quickly coming to an end, as the prescribed rate is set to double to 2% on April 1, 2018.
 

Five ways to minimize your 2018 tax bill (PDF, 590 KB) 

The start of the new year is the perfect time to review your tax minimization strategies for the year ahead. Here are 5 things to consider early in 2018.


2017 Year End Tax Tips (PDF, 660 KB)
 

Tax planning should be a year-round affair. But, as year-end approaches, now is a particularly good time to review your personal finances. Take advantage of any tax planning opportunities that may be available to you before the December 31 deadline.

Taking Action: Revised CCPC tax proposals (PDF, 640 KB) 

What you need to know and do, by Debbie Pearl-Weinberg and Jamie Golombek.

 Video: Private Corporation Tax Proposals: What’s Important & What to Do. 6:18.

Give a Little Bit (PDF, 840 KB) 

To help you with your gifting plans, Jamie Golombek gives answers to some common questions.

Video: Give a Little Bit: Tax Planning and Gifting (4:53)

2017 Federal Budget (PDF, 595 KB)

Jamie Golombek discusses how the 2017 federal budget may impact you.


Home Sweet Home (PDF, 565 KB)

Whether you’re looking to buy your first home, you’re already a homeowner or you sold your home during the year, here are some tax tips to keep in mind.
 

Many Happy Returns! Mining Your Tax Return for Extra Money This Spring (PDF, 100 KB)

Get the best value from your tax return by taking advantage of all the tax deductions and credits available to you. This report outlines some common items you may be able to claim, as well as some lesser-known government tax incentives that could put extra cash in your pocket.


The Great Divide: Income-splitting strategies may lower your family’s taxes (PDF, 85 KB)      

Now is a great time to revisit some income-splitting strategies, both old and new.


Intaxication: Why getting a tax refund may be a sign of poor financial planning (PDF, 30 KB)

There are a number of ways to use your tax refund to your advantage or, even better, ensure that your tax refund next year is eliminated altogether and the taxes saved are used throughout the entire year to your benefit.


Tax tips for U.S. vacation property owners (PDF, 40 KB)

Jamie Golombek discusses Canadian and U.S. tax implications of owning U.S. vacation property.


Tax Treatment of Collectibles (PDF, 45 KB)

Tax tips for buying, selling and owning collectibles like artwork, stamps and antiques.


Expert tax tips for preparing your return (PDF, 85 KB)

Timely tax return advice to help you avoid common, potentially costly errors when preparing your tax return.


Getting the Most Out of Your RRSP (PDF, 70 KB)

An RRSP is one of the best ways to save for retirement, providing both a tax deduction for contributions and allowing you to avoid paying tax on the accumulated investment income inside the plan.


The RRSP, the TFSA and the Mortgage (PDF, 215 KB)

Making the best choice for saving via an RRSP, TFSA or debt repayment


Bye-bye Bonus! (PDF, 650 KB)

Why small business owners should favour dividends over a bonus.


Blinded by the Refund (PDF, 895 KB)

Why TFSAs may beat RRSPs as better retirement savings vehicles for some Canadians.


Planning with RDSPs (PDF, 100 KB)

People with disabilities and their families have an important tool in their planning toolkit: The Registered Disability Savings Plan (RDSP).


Articles

About RESPs

A Registered Education Savings Plan (RESP) is a tax-deferred investment plan that helps you save for a child’s post secondary education, so that you’ll have the funds you need, when you need them.

Learn more: About registered education savings plans (RESP)

Benefits of an RESP

There are many benefits to saving for your child’s post-secondary education with a CIBC Registered Education Savings Plan (RESP).

Learn more: Benefits of an RESP

Government Grants and Incentives

Government grants and incentives are available to help you build your RESP savings.

Learn more: Government grants and incentive

CIBC Disability Savings Plan (DSP)

The federal government has Registered Disability Savings Plans (RDSPs) to help parents and other individuals save for the long-term financial security of a person with a disability.

Learn more: CIBC disability savings plan (DSP)

About RDSPs

Any person can be a beneficiary of an RDSP if he/she meets the criteria.

Learn more: About registered disability savings plans (RDSP)

CDSGs and CDSBs — Assistance from the Government of Canada

Contributions to an RDSP may qualify for a Canada Disability Savings Grant (CDSG) of up to $3,500 per year.

Learn more: CDSGs and CDSBs — assistance from the Government of Canada

Tax Filing Made Easy

Whether you file your own taxes or have them done by a professional, an organized approach can save you time and money.

Learn more: Tax filing made easy

Are You Making the Most of the Dividend Advantage?

Learn how to get the most advantage out of dividend income through tax credits and mutual funds.

Learn more: Making the most of the Dividend Advantage

Cut Through the Financial Clutter and Take Control

Holding multiple bank accounts and RRSPs at different institutions can make your investments less diversified.

Learn more: Cut through the financial clutter and take control

Test Your TFSA Knowledge

Take our quiz to see how much you really know about tax free savings accounts.

Learn more: Test Your TFSA Knowledge



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