Like the federal government's pledge to introduce income-splitting for couples with children under 18, the Conservative's promise to double the contribution room for TFSAs is also coming under criticism for mainly benefiting the wealthy.
TFSAs offer tax-free growth, while RRSPs offer tax-deferral and a present-day rebate. So where should clients who are keen to save put their money first?
Two experts are calling for the Conservative government to change TFSA rules.
A boost to the TFSA may have to wait.
In 2012, the federal government’s Pooled Registered Pension Plans Act was signed into law. The plan’s objective is to create a large-scale, inexpensive pension plan for employees of companies that don’t already offer a pension. But the federal government has limited jurisdiction over the workforce, so it had to collaborate with the provinces. Quebec’s version, […]
What to do if your client’s child might play professionally.
Clients may not realize how much TFSA room they really have.
The TFSA is the favourite investment account choice for Canadians, according to the Manulife Investor Sentiment Index. It’s been the top choice since the Index began tracking it in December 2010.
Rob’s dutifully filed tax returns in Canada and the U.S. But a recent conversation with a friend revealed he’s one of many Americans living in Canada who hasn’t been getting them right due to poor financial advice.
How about a RRIF transfer credit?