Rules for converting RRSP to RRIF You have until Dec 31 of the year when you turn 71 to convert the account to a RRIF. Some institutions will do it automatically so even if you don’t do anything – you will be the proud owner of a RRIF…
The RDSP is intended to encourage saving for the long-term financial security of a person eligible for the disability tax credit. An RDSP may be set up by the disabled person, one of his/her parents or his/her legal representative. Once it has been set up, anyone can contribute…
Joint tenancy has always been a complex estate planning tool, particularly when only one person contributes financially to a jointly held asset. However, the complexity has increased since 2007, the result of two landmark Supreme Court of Canada judgments. And while the joint tenancy discussion in this article…
Transferring it to the next generation I met my wife on the May long weekend about a decade ago, on the beach of the cottage that had been my summer home since I was a child. It was the last — and most lasting — memory of about…