The steady decline of defined-benefit (DB) pension plans has led to the creation of new pension models aimed at helping ...

Cash gifts to adult children generally have no tax impact on neither the parent nor the child. Only gifts of assets with ...

As the end of March approaches, First Richvale Corp. (FRC) underscores the specialized tax benefits and filing methods available to Ontario educators and healthcare professionals. With personal and ...

The study found that 53 percent of Canadians have not discussed inheritance with family members, and 52 percent have not ...

Differences between a Spousal RRSP and an Individual RRSP The main difference lies in the tax implications and contribution considerations. Contributions to a Spousal RRSP are made by the higher ...

Many seniors own homes, cottages or rental properties and upon their death these assets will make up part of their estate.

Each type of account has different tax implications, so you’ll want to ... If you already have an RRSP, TFSA, or non-registered account, you can purchase GICs at any time. Every financial ...

There may be tax, probate and other implications that range from minimal to significant. Upon someone’s death, the tax implications depend upon who inherits their assets. When a spouse inherits, ...