In many cases, doing nothing is the best option
The proposed regime will allow the CRA to identify accounts that have grown significantly
Proactively share these details with clients
Proactive collaboration is critical for resolution, client well-being
In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans
Savings needs have risen alongside wealth, a C.D. Howe report says
Respondents cited real estate, digital investing and crypto as the most confusing areas of personal finance
The government plans to consult on how to allow "genuine" intergenerational share transfers
The accounts will have a $40,000 lifetime limit on contributions and an annual contribution limit of $8,000
The size of contributions rose in 2020, alongside the number of savers