Tax News

Large RRSPs can mean huge tax burden

(April 2008) It’s likely that most advisors remind their clients at least once a year to contribute to an RRSP. But how many tell them to withdraw? A new TriDelta Financial Partners report notes that many clients accumulate a tax bill of more than $1 million between age 55 and when they die. Frank Wiginton, […]

By Bryan Borzykowski |April 18, 2008

4 min read

Last minute tax tips

(April 2008) With the country’s tax filing deadline just three weeks away, clients are likely scrambling to get their returns done. To make it easier on them, Ernst & Young has compiled its “top 12 tips” to take on taxes. The most important change for the 2007 tax season, says Gena Katz, a tax specialist […]

By Bryan Borzykowski |April 7, 2008

3 min read

Feed the plan: Talking to clients about RRSPs

(February 2008) Since their introduction in 1957, the RRSP has been the cornerstone of millions of Canadian retirement plans. For many advisors, RRSPs are integral to their book of business and it’s unlikely that will change any time soon. In fact, the buzz around retirement planning has been growing for the last few years — […]

By Staff |February 4, 2008

2 min read

Spotlight on joint accounts

There’s a good chance at least some of your clients share their bank account with a family member. A husband and wife, a father and daughter — joint accounts have been around since banking began. But just because your client and her son can both access the same cash, survivorship does not guarantee ownership. The […]

By Staff |February 1, 2008

2 min read