Tax

Spousal support: Financing togetherness

(January 2006) A spousal or common-law partner RRSP (hereafter referred to simply as a spousal RRSP) is one of the few explicitly legislated ways to income split between spouses or common-law partners. The primary benefit of a spousal RRSP is that funds withdrawn can be taxed in the hands of the annuitant spouse instead of […]

January 5, 2006

6 min read

Advanced solutions for charitable giving: Trusts, annuities and beyond

(December 2005) The holiday season is a time when many of your clients will be considering how they can give back to their communities, and will look to you for advice on how they can make contributions to the causes closest to their hearts, without breaking the bank. In the first two installments of this […]

By Dave Ablett |December 16, 2005

4 min read

Using life insurance for charitable giving

(December 2005) Many of your clients may not be aware of the opportunity to make charitable donations through new or existing life insurance policies. Beyond providing significant financial support to the recipient, a gift of insurance provides an advantage in tax and estate planning since the donation may be structured in such a way as […]

By Dave Ablett |December 2, 2005

4 min read

Creditor protection: Barring entry

(December 2005) Creditor protection may soon be coming to an RRSP near you. This is great news for small business owners or professionals, such as doctors and lawyers, because when it comes to estate planning, these clients often cite the issue of creditor protection as their biggest concern. While insurance products in most provinces already […]

December 1, 2005

6 min read