Tax and Estate Planning for Your Two Spouses

In a recent article, I wrote about the importance of correctly reporting marital status on personal tax returns. The Canada Revenue Agency (CRA) is keenly interested in marital status as certain benefits (including GST/HST credits, Canada child benefits, child-care deductions and eligible dependent claims) are calculated based on this status. However, marital status extends beyond the task of checking a box on a tax return; it can play a role in deeper tax and estate planning scenarios.. Read more here.

This communication is published by CI Global Asset Management (“CI GAM”). Any commentaries and information contained in this communication are provided as a general source of information and should not be considered personal investment advice. Facts and data provided by CI GAM and other sources are believed to be reliable as at the date of publication.

Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI GAM has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document. Information in this communication is not intended to provide legal, accounting, investment or tax advice, and should not be relied upon in that regard. Professional advisors should be consulted prior to acting on the basis of the information contained in this communication.

You may not modify, copy, reproduce, publish, upload, post, transmit, distribute, or commercially exploit in any way any content included in this communication. You may download this communication for your activities as a financial advisor provided you keep intact all copyright and other proprietary notices. Unauthorized downloading, re-transmission, storage in any medium, copying, redistribution, or republication for any purpose is strictly prohibited without the written permission of CI GAM. CI Global Asset Management is a registered business name of CI Investments Inc. © CI Investments Inc. 2022. All rights reserved.

Published April 8, 2022.