RRSPS Can Be Taxed at Death – But They Don’t Have To Be
Registered retirement savings plans (RRSPs) continue to be a major part of Canadians’ assets. In 2015, the average contribution amount rose from $3,737 to $4,117 for the 53% of Canadians that contributed to an RRSP1. But what happens to clients’ RRSPs when they die? They may not know about a major tax hit that can […]
10 Medical Expenses You Didn’t Know Were Tax Deductible
Canadians like to take pride in our publicly funded health-care system, but the truth is many of us pay out of pocket for a wide range of essential health services. This is especially true for those with or caring for, someone with disabilities or chronic conditions. Studies show Canadians pay as much as 30 per […]