Canadian TurboTax users will have the option to open, fund or transfer an RRSP with Wealthsimple
For some clients - such as young people just beginning their careers and some business owners - other options may be preferable
The number of taxfilers contributing to an RRSP has also fallen
This delay represents a win for industry associations and clients who pay fees on their registered plans from non-registered accounts
The federal tax agency also delays implementing registered fee position
Platform tracks, measures and motivates clients to achieve financial security and live healthier
Now is a great time to review your clients’ files to see if you have the most up-to-date information on their available RRSP contribution room
The government is eliminating medical services plan premiums and returning about $1,800 each year to families
The most important consideration in this process is whether a client can use his or her foreign tax credits against other income in the year of transfer
Canadians deposited more than $40 billion into their plans, averaging $3,000 per contribution