Sections 9HA and 25 – Death, taxes and cashflow woes

If you ever had cash flow woes during your lifetime, know that your death might make it worse…. The fairly recent introduction of sections 7C and 9HA of the Income Tax Act accompanied by the amendment to Section 25 of the Income Tax Act necessitates proper estate planning by well-informed advisors. Estate planning and administration […]

Influence on estate planning

The purpose of this communication is to inform clients of certain tax increases and proposals that will have an effect on Estate and Financial Planning. Only those changes and proposals directly affecting Estate Planning will be dealt with. 1. DIVIDEND WITHHOLDING TAX Dividend income paid to shareholders was taxed at a rate of 15 per […]

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