CIFPs: Tax & Budget 2012 Update

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Employees Profit Sharing Plans (EPSPs) 34
EPSP Features Non-arm’s length employees can participate Unlimited contributions by employer and employee No income tax withholding at the time of contributions to an EPSP (deferral of tax until April 30 of following year, no installments) No CPP or EI premiums Income-splitting can be achieved No vesting period No restrictions on qualifying investments No registration with CRA or other agencies
Page 1 and 2: CIFPs: Tax & Budget 2012 Update Jam
Page 3 and 4: What are the 2012 tax brackets Fede
Page 5 and 6: Trivia Question 2 What percentage o
Page 7 and 8: What is this
Page 9 and 10: Tax rates - Average v. Marginal Ca
Page 11 and 12: Clients need help… RESP RDSP T
Page 13 and 14: Report Offshore Stash (T1135) Fore
Page 15 and 16: T1135 - Foreign Income Verification
Page 17 and 18: Taxation of Insurance Commissions -
Page 19 and 20: Taxation of Insurance Commissions -
Page 21 and 22: Budget 2012 Changes to the OAS sys
Page 23 and 24: OAS Increase in Life Expectancy
Page 25 and 26: OAS - Age Limit Currently collect
Page 27 and 28: OAS Phase-in Chart
Page 29 and 30: OAS/GIS - Proactive Enrolment Must
Page 31 and 32: RDSPs - Government Benefits Matchin
Page 33: Improvements to RDSPs Plan holders
Page 37 and 38: EPSP - Budget 2012 EPSP payments
Page 39 and 40: Eliminating the Penny
Page 41 and 42: Eliminating the Penny Royal C
Page 43 and 44: Rounding Down / Up - Example
Page 45: www.jamiegolombek.com Thank You Thi

CIFPs: Tax & Budget 2012 Update

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