September 2001
http://www.torontotalks.org/articles/58/1/September-2001/Page1.html
John Klotz
By John Klotz
Published on 09/25/2001
In September, Toronto Talks presented TAX TALK with Jerry Henshall, a
Chartered Accountant with CA4IT and Janie Goldstein, Vice President of
the Canadian Medical Discovery Fund on Tuesday September 25th at 7pm @
Metro Hall, Room 313.
Janie Goldstein, B.Eng., P. Eng., M.B.A.,(Harvard), Vice President of
the (CMDF).Canadian Medical Discoveries Fund , discussed the Tax
benefits of investing in a is a labour sponsored investment fund
(LSIF). If the LSIF was invested into an RRSP and you are in a 48
percent tax bracket, she illustrated that a $5000 investment would only
cost $750.
Jerry Henshall B.Sc., C.A., MCP discussed the Tax
strategies for self employed professionals which included the pro's and
cons of being a sole proprietor versus incorporation. The concept of
income splitting with spouses as well as lower tax brackets gave
incorporation a distinct advantage under certain circumstances. Jerry
also discussed expenses and indicated what could and could not be used
for write-offs. To download his presentation, click Jerry's
Presentation to view his talk.
Janie emphasized that investing in biotechnology has huge implications for humankind. She discussed the companies that CMDF currently invest in and the remarkable achievements they have made. An example was AEGera Therapeutics, a private company in CMDF's portfolio, located in Montreal that announced a breakthrough technique in stem cell research using adult human skin. This promises to hold great promise for both health care and the Canadian economy.
Janie emphasized that investing in biotechnology has huge implications for humankind. She discussed the companies that CMDF currently invest in and the remarkable achievements they have made. An example was AEGera Therapeutics, a private company in CMDF's portfolio, located in Montreal that announced a breakthrough technique in stem cell research using adult human skin. This promises to hold great promise for both health care and the Canadian economy.