Last month, the government passed legislation that lowered the minimum amount that must be withdrawn from a Registered Retirement Income Fund (RRIF) in 2020 by 25 per cent “in recognition of volatile market conditions and their impact on many seniors’ retirement savings.” Here’s what you need to know.…
Is COVID-19 creating financial difficulties for you? You may want to look into financial assistance options from the government and your service providers. Here’s what you need to know. The latest coronavirus, COVID-19, pandemic has quickly changed the lives of Canadians and people around the world. Along with…
You’ve probably seen this dramatic moment on TV: A lawyer holds an envelope that contains the secret contents of a will. The children of the deceased are seated, each of them hopeful but visibly anxious. They wait with bated breath as the lawyer is about to announce the…