Executors must make sure a will is executed just as the testator would have wanted and are tasked with many duties after a person dies. The executor role is important, and it can feel overwhelming, especially during an emotional time.
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.