Archive for the ‘Investments’ Category

TAX FREE ROLLOVERS: DIVORCE AND DEATH – NOT A GOOD MIX

Tuesday, December 6th, 2016

Recently, the Canada Revenue Agency (“CRA”) was asked to comment on a scenario involving the transfer of a RRSP and a capital asset between ex-spouses, and one the spouses dies before the rollover can be effected: Do the tax free rollover provisions found in the Income Tax Act (“ITA”) still ...

TFSA’s – a refresher on the Rules

Tuesday, November 15th, 2016

Borrowing heavily from some recent literature on this subject, I though it may be useful at this time of the year to quickly revisit some of the rules surrounding tax free savings accounts (“TFSA”) Contribution room for an individual’s TFSA is the total of the TFSA dollar amount for the year, ...