In November the Department of Finance finalized their changes to the taxation of life insurance as previewed in March 2013 Federal Budget. These changes resulted in an updating to the “exempt test” which determines how much tax deferred value can…
by Larry MacDonald for Money Sense Magazine At the start of the year, the annual contribution limit for Tax-Free Savings Accounts rose by $500, allowing Canadians to shelter $5,500 in investments from tax each year, in addition to whatever RRSP…
Whether your estate is large or modest, it is always a good idea to review your estate plan regularly to ensure that it continues to meet your objectives and keep up with any changes in your financial or family situation….
