New measure will be particularly helpful for beneficiaries in situations in which a fundholder died in the latter half of 2008
Changes “long overdue”
Consumers adapt to chilly economy by cutting back of spending
Almost three in 10 won't contribute this year
Investors urged to adopt military principles
But clients must be aware that there are several conditions if the assets are to be protected in the case of bankruptcy
Advisors should be aware of new tax-free savings accounts, as well as new RRSP and RRIF rules
Even with pension income-splitting available, a spousal RRSP allows couples to fine-tune their incomes in retirement
No cash, but lots of contribution room? Clients can move certain investments into their RRSPs