News and resources for Canada's top financial advisors
Est. 1998
Estate Planning
Your clients have been approved for a mortgage, but you’re not sure they’re ready.
October 23, 2012
2 min read
Discuss emergency funds and contingency plans. Emergency funds should cover between three and six months of living expenses.
October 18, 2012
1 min read
Tax News
The HBP allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with buying a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.
By Jamie Golombek |August 8, 2012
3 min read
The Home Buyers’ Plan (HBP) allows first-time home buyers to withdraw up to $25,000 from their RRSPs to assist them with the purchase of a home. The funds need to be paid back over a 15-year period. If payment is missed in a particular year, the amount not repaid must be included in the participant’s income for that year.
By Jamie Golombek |March 2, 2011
4 min read
Industry
After months of being lectured on their debt accumulation habits, Canadians have apparently taken up another bad habit, in part to combat the first: raiding their retirement plans. According to a survey conducted by Leger Marketing for BMO Financial, roughly 40% of Canadians with an RRSP admit they have made withdrawals from their plan before […]
By Steven Lamb |February 28, 2011
January 1, 2011
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