Have you planned for digital assets?
If you haven’t accounted for your digital property in your will or another document, you’re not alone. This is often overlooked when planning an estate.
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Preserving estate assets for your heirs
The first things that come to mind when you think of estate planning might be your will, beneficiaries and executor or estate administrator. However, another key element is planning for the tax liability on your estate’s assets.
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How to pay little or no tax on RESP withdrawals
Withdrawals from a Registered Education Savings Plan (RESP) are different than those from other registered plans. With an RESP, some withdrawals are taxable, while others are not.
This means you need to do some tax planning when you withdraw funds.
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Why you should watch out for phishing, smishing and vishing
You may think you’ll never fall victim to phishing attacks, but new technologies are making online and phone scams more dangerous. Also, other family members could be at risk.
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How is the FHSA (First Home Savings Account) taxed at death?
At Spire Advisors of Assante Capital Management Ltd. we take a holistic approach to your financial planning, which means that we plan ahead – past lifetimes, when necessary – to ensure that optimal decisions are made today, in support of the best possible outcomes tomorrow. With the introduction of the tax-free First Home Savings Account, we can consider new options for first-time homebuyers to take advantage of over the course of their lives; and (although sad to think about) we must also consider the options and implications of the FHSA after death.
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How does the FHSA (First Home Savings Account) Work? What are some technical highlights?
The FHSA is a type of account recently created by the government to encourage and assist Canadians to save for their first home. In a post last week, we discussed the factors that can determine whether or not you may be eligible to open a First Home Savings Account – and this week, we are exploring some technical highlights of the FHSA:
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How do I know if I am eligible for the FHSA (First Home Savings Account)?
The FHSA is a type of account that has been recently created by the government to encourage and assist Canadians to save for their first home.
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When opening a Registered Disability Savings Plan (RDSP) account, what is the difference between the “holder” and the “beneficiary?”
"The Registered Disability Savings Plan (RDSP) is a tax-deferred savings vehicle introduced by the Government of Canada to help Canadians with disabilities and their families save for their long-term financial security."
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What makes me, or my loved one, eligible for the RDSP (Registered Disability Savings Plan)?
"The Registered Disability Savings Plan (RDSP) is a tax-deferred savings vehicle introduced by the Government of Canada to help Canadians with disabilities and their families save for their long-term financial security."
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Have you named a trusted contact person?
"The Canadian Securities Administrators, an umbrella organization of provincial and territorial securities regulators, introduced a measure two years ago to help protect investors’ financial interests. Investors could give their advisor the name of a “trusted contact person..."
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