Should you rent or own your home? Tim Lemieux always thought he would buy a condo inToronto. He visited open houses. He plugged various numbers into mortgage calculators. When his mother died a few years ago, his four siblings sold her home in Bowmanville and Mr….
RRSP inheritance money is taxed at the source by the deceased’s estate,not the by the beneficiary. Q: I am the executor of my sister’s will. Her daughter, who is 22, is the beneficiary for all her RRSPs. Does the beneficiary declare all this money on her 2014…
If you had a crippling accident or were diagnosed with a critical illness tomorrow, would your family be able to cope? Ten years ago, Janet Freedman was rushing out the door of her home for work. Her arms loaded with tax returns, she missed a…
How much will you need to retire? Nothing is more frustrating than trying to figure out how much to save for retirement. You know the amount you’ll need to save depends on what kind of retirement lifestyle you want. But how can you decide that…
Most market sayings have a grain of truth, but the more research and independent thinking you apply, the better your understanding of what they mean. It’s hard to stay calm when everyone around you is in a panic and bolder yet to be investing millions…
When my husband and I discovered that I was pregnant with twins, we began to compile the list of things we would need — cribs, a double stroller, car seats, not to mention a car. But there was one thing we needed that we forgot…
Low interest rates and returns are prompting one of the longest running debates in personal finance. Ask three experts whether you should pay down your mortgage or invest in your retirement and you’ll end up with at least four different answers. That’s because over the…
You’ve worked hard and you want to enjoy a comfortable retirement…… But outside of an RRSP and a TFSA what investment plans allow you to grow your wealth without it being eroded by taxation? And when you eventually start to draw an income in retirement……..……more…
Our Corporate Estate Transfer Strategy can help you convert a company’s taxable surplus into a non-taxable surplus, and significantly increase the company’s after-tax value for estate purposes. Here’s how it works: The company transfers its liquid assets into an exempt life insurance policy over a…
Have a tax-efficient plan: People who become wealthy follow a consistent, purposeful process for thinking about their earning and savings. Cut withholding taxes: Employees should complete the TD1 Personal Tax Credit Return and its sister, Form T1213 Request to reduce tax deductions at source, to…