Pension Beneficiary Designations – Don’t Forget the Tax!

Friday, April 22nd, 2016

In Will drafting, it is common to include beneficiary designations for life insurance, TFSAs and RRSPS/RRIFs, but sometimes pension plans are overlooked. If the client has a spouse (married or common law), the spouse will automatically receive the client’s pension survivor benefits pursuant to Ontario law. However, members of a ...

The 2016 Federal Budget and Personal Wealth Planning

Friday, April 1st, 2016

On March 22nd, Finance Minister Bill Morneau tabled the 2016 Federal Budget (the “Budget”). As expected, the Budget contained a number of measures impacting personal wealth planning. Some of the more significant measures include: Changes to personal income tax rates – The Budget reduces the personal income tax rate for the ...