The error relates to a discrepancy between the date when the purchaser may take vacant possession of a property and the formal closing of a home purchase
Spousal RRSPs can be a simple and effective tax-saving strategy for married and common-law couples. But these accounts are not for everyone - and have potential drawbacks
Report recommends raising annual contribution limits to 30% or more
Thirty per cent of taxpayers contributed to a TFSA in 2015
Although fewer taxpayers reported investment income, the actual amount of investment income rose
Don’t be just an order taker; discuss overall strategy with your clients
Clients are moving to bolder investment strategies for their RRSPs
Advisors need to talk to clients about their retirement future and show the potential damage RRSP withdrawals cause
Contributions to TFSAs are rising while contributions to RRSPs are dropping as more Canadians understand the differences between the two investment vehicles