The Right Time to Start Collecting CPP and OAS for Your Retirement
09 Jan 2024
Timing is everything, and when it comes to withdrawing your Canadian Pension Plan (CPP) and Old Age Security (OAS) payments, making an informed decision becomes crucial for maximizing your retirement income and ensuring financial stability in your golden years.
Maximizing Impact: Have You Considered a Donor-Advised Fund?
23 Nov 2023
As we hurtle towards the familiar holiday hullabaloo and year-end tax planning, looming changes to the AMT means that, come January 1st, you may no longer receive full deductions and tax credits for your charitable contributions. But perhaps there is yet another way...
SANDSTONE Wins the CPA Alberta Social Entrepreneurship Award at the 40th Small Business Awards
07 Nov 2023
The gala event, hosted annually by the Calgary Chamber of Commerce, witnessed the Calgary business community coming together in droves to celebrate exceptional pioneers from every quadrant of our city.
Taxing Generosity: How Changes to the Alternative Minimum Tax (AMT) May Impact Your Donations
24 Oct 2023
Do you make large donations of cash or qualifying securities as part of a tax strategy? If so, 2023 could be the last year you receive full deductions and tax credits for these charitable contributions.
Implications of the Pan-Asia Trade Pact
16 Oct 2023
On November 15th, 2020, fifteen Asia-Pacific nations signed arguably the largest free trade agreement in history, significantly reshaping traditional economic power dynamics.
FHSA Update & Changes to RESP Drawdowns
21 Sep 2023
We have two major announcements involving registered accounts here at SANDSTONE. First Home Savings Accounts will be coming later this Fall and details on the RESP Changes and Tax-Efficient Drawdowns to follow.
Waiting for the Whale to Surface
31 Aug 2023
This week we came across an analogy that related monetary policy to dead whale spotting… That’s right, central bank directors and fishermen have more in common than we ever could have imagined.
Changes to Family Business Transfers are coming sooner than you think
27 Jul 2023
Canadian tax legislation is changing on January 1st, 2024, and there are huge implications for those who are looking to transfer their business to a family member.
How are First Home Savings Accounts taxed at death?
30 Jun 2023
A First Home Savings Account (FHSA) is a new registered plan allowing a prospective first-time home buyer, to save for their first home tax-free (up to certain limits) with contributions being generally tax deductible. It can remain open until the end of its 15th anniversary, the FHSA holder turns 71, or the end of the year the FHSA holder makes their first qualifying withdrawal.
TFSA beneficiary vs. successor holder – the difference is HUGE!
30 Jun 2023
Tax-free Savings Accounts (TFSA) are mainly known for their benefit of being tax-free. But there is another huge benefit of TFSAs, which is the ability to name either a beneficiary or successor holder on the account.