TFSA Notices And Penalty Risks
The latest Federal Budget included an administrative rule change1 that allows CRA to automatically send you notices electronically without your prior permission or registration. The risk, as noted in the recent case of a B.C. taxpayer, is this may lead to penalties for TFSA over contributions. It is your responsibility now to regularly check your […]
Record Temperatures and Record Highs on the Market
When looking at the locations that our clients live in, I’m not sure anyone escaped the heat wave that we experienced across Western Canada this summer. Here in the Calgary area, we got day after day of plus 30 temperatures and that was right before we left for Southern Saskatchewan which was also in the […]
Getting Back to Basics
Recessions, stock-market declines, housing market bubbles, joblessness and, most recently, a global pandemic have created a series of challenges for people trying to start, grow or maintain a retirement savings plan. Given this rollercoaster, it’s natural to wonder if you’re doing all you can to protect your retirement nest egg. Taking a “back to basics” […]
Be Careful with RRSP Beneficiary Designations
When Margaret and James married in 2005, it was a second marriage for both of them. They had no children, so when they did their financial planning, their wills were clear that 100% of their estates would go to the other. Believing this was sufficient protection, they built a life and continued to grow their […]
