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
A taxpayer who over-contributed to his RRSP by mistake and gained no benefit from the error has failed to gain relief from the taxes that resulted. However, the Tax Court of Canada only reluctantly found for the government in the case. In the concluding remarks of the October judgment in Hall v. The Queen, Justice […]
However, the percentage of taxpayers contributing to an RRSP continues to decline