With tax season looming, this article from Morningstar is a helpful review of how one of the largest investment vehicles taxes the income they make for Canadians. How Mutual Fund Income is Taxed
The Tax-Free Savings Account, or TFSA, has been part of the financial landscape of Canadians for almost 10 years, specifically since January 1, 2009. Besides the increase in the contribution limit in 2015, there have been few changes to this tax...
Advisors Edge recently published an article about the current liability of being an executor and if insurance would be necessary. While not all cases would require insurance it the article does help shed some light on the growing need....
Created in 1957, the Registered Retirement Savings Plan (RRSP) is the best known and most widely used of all tax-sheltered savings methods. RRSPs allow taxpayers to invest for their retirement by deferring income taxes on both the invested capital...
Financial plans are created with basic assumptions including rate of return, life exectancy and an inflation rate. As we watch this number climb and adjust, your financial plan should be reviewed to ensure projections reflect changing...
You will find attached a short summary of the 2018 budget produced by our team of experts. This summary highlights the main changes and impacts for: individuals businesses other measures of interest Full Report
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This is a question we are faced with regularly when helping our clients. Many in Canada still have the connection to a Defined Benefit Pension Plan that is well funded and will provide great stability through retirement. However, at...
In case you missed it the Globe and Mail, Rob Carrick, had a great article “A Guide to Naming a Beneficiary of your TFSA, RRSP and RRIF published February 10, 2017. The article is a great summary about the ways in which you could transfer...
It used to be that if an individual didn’t travel, didn’t drive, or lost their license due to age, you didn’t worry about maintaining their identification. That is no longer the case. Maintaining valid provincial or federal photo id is...