In Canada, every province and territory has its own laws concerning specific provisions and restrictions relevant to Enduring Power of Attorneys and Personal Directives.
In this article we outline the basics of a will and encourage you to set up and maintain your will as situations in your life change.
Individuals can lock in the 1% prescribed rate if the loan begins by June 30 and enjoy this low rate throughout the duration of the loan without being affected by any future increases.
Your ability to contribute to a TFSA and RRSP can change throughout your lifetime and depending on your life stage, withdrawals can have a significant impact on your taxes.
You could inherit a significant sum and you’ll want to use it wisely. The process of receiving an inheritance may seem overwhelming but having a plan in place and being prepared will help.
With proper planning, you may be able to retain most if not all of the unused RESP assets.