When money is paid out of a registered education savings plan (RESP), the various types of payments and tax treatment can cause confusion so here is an article about withdrawing funds tax-efficiently from RESP accounts.
Bill C-208 is a Bill that amends the Income Tax Act in an attempt to alleviate the financial disadvantage that typically arises for taxpayers who sell their family farm (or small business) corporation to their children as opposed to an arm’s length person. The Bill is welcome news!
How some financial products can keep more money in the family. Solutions For Financial Planning, Spring 2021
We are getting close to the March 1st deadline for RRSP contributions so here is some useful information if you are deciding between an RRSP contribution or TFSA. TFSA and an RRSP. What's the difference, and which is right for you?
Having an estate plan at any stage of your life is important to ensure there is a plan in place for the future.