Perceived fees, tax penalties and uncomfortable conversations prevent clients from moving their accounts, a Questrade survey says
The poll also shows that shaky client confidence presents an opportunity for advisors
Taxpayers who use TurboTax will have the option to make RRSP contributions with the robo-advisor
A memo to Bill Morneau asks for a higher contribution age and accumulation limit
A tax tale of two benefits at death
Minimize the risk of not achieving targeted replacement income
Find out what types of income add to the calculation of deduction room
All clients want a worry-free retirement, but some could find themselves facing financial challenges in their golden years. Read: How much retirement saving is enough? That’s because 25% of Canadian retirees are living with debt, finds a national survey from Sun Life Financial. In fact, some retirees still use credit as they did before retirement, […]
A tax expert does the math
Canadians are dipping into retirement savings to fund short-term expenses, BMO Financial Group finds in its eighth annual RRSP study. According to the study, the first part of which was released earlier this month, 40% of Canadians have made a withdrawal from their RRSPs. Those who have done so have withdrawn an average of $20,952—an […]