The TFSA and spousal contributions

Wednesday, May 27th, 2015

The most recent federal budget included a proposal to increase the annual contribution limit to a tax free savings account (TFSA) to 10,000. With this in mind, retirement savings strategies will more likely than not include the TFSA however caution must be exercised when making contributions. The Canada Revenue Agency ...

More on Key Wealth Management Trends for 2015

Thursday, May 21st, 2015

Last month, my associate Paul Fensom highlighted some interesting statistics on Will & Estate Planning from a report by CEB Wealth Management Leadership Council, titled: Windows on the Future 2015: Key Wealth Management Trends. Here’s some more information from the report I believe will be of interest to this audience. The report ...

BITCOINS: does a digital currency create a foreign reporting requirement

Friday, May 15th, 2015

Sometimes you just never know what kind of assets or property you are going to find in an estate. In determining the nature and extent of the assets held by the estate, suppose you found a direct or indirect interest in a digital currency fund such as Bitcoins. The Canada Revenue ...