In all likelihood no. If you were self-employed you might be able to get away with paying her as a part-time employee for the time she "helps" you. But not in the circumstances you describe.
Type: Posts; User: OhGreatGuru
In all likelihood no. If you were self-employed you might be able to get away with paying her as a part-time employee for the time she "helps" you. But not in the circumstances you describe.
And you think appointment of political hacks for life (or age 75, whichever comes first,) isn't political?
Why would a Prime Minister appoint anyone he doesn't expect to be grateful and compliant?...
This is a new one on me. But at a guess their employer may be trying to combine functionality with safety & security. The bright colours make them visible; and the memorable outfit identifies them...
1. The statements in the first paragraph are so divorced from reality one cannot constructively comment.
2. No argument that at present rates they are not a good investment. But no one is being...
I agree with FourPillars. There is no correct answer. Depends on too many personal variables, as well as what real estate market you are in.
I guess I'm boggling over a mature woman with a $100K salary who is "horrible with money". If she has no debts she can't be that horrible.
I will get shot down by the DYI'ers, but for someone who...
You say she has no RRSPs now. It's unlikely her pension plan would be so generous that she never earned any RRSP room. Find out what her current RRSP room is.
Secondly, some of her buyout may be...
Are you also a US citizen? There are a number of threads here on US taxation of US citizens who are Canadian residents.
I don't think you are an employee - you are a contractor with some fringe benefits. Your "employer" understandably does not want to deal with employer contributions to CPP, EI, Workers' Comp, or...
1. Are you aware that, under the recent changes:
a) the penalty for early CPP has increased; and
b) You will both have to continue contributing to CPP as long as you are working and under 65? (It...
To go back to OP's original question/plan, he probably cannot set up an investing account such as a trading account for a 16-year old (other than through some mechanism such as a trust). A 16 yr....
The only reason I know is because I had to manage my father's financial affairs for a few years.
Perhaps you haven't had many replies because we can't comprehend how you plan to:
1. Become a landed immigrant in 2013; and,
2. Apply for Permanent Resident status in 2013;
BUT
3. Don't plan to...
It is all explained in RC4064 and IT-519 from CRA.
If you are considering professional executor services, consider having your brother named as co-executor with the Trust Company. The Trust Company does all the work, but you have a family member who...