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Pension Income Splitting
Pension income splitting is a highly valuable element of retirement planning because it offers retirees an opportunity to increase overall family after-tax income through a reduction of the combined income tax liability.
Read MoreBenefits Arising From Education Have a Cost
The average tuition fee for undergraduate programs in Canada reached $5,772 for the 2013-2014 school year. These newly released statistics suggest that Canadians planning for their children's future education need to continually review their savings plans in order to meet the ever-increasing cost of a financially secure future.
Read MoreSpousal Trusts and Life Insurance
A testator will often transfer assets into a trust for his or her surviving spouse after death. Learn more about the strategies to do so.
Read MoreLife Insurance Shares
There are times when a business owner may wish to use the business to fund a life insurance policy and have the proceeds from the policy flow to a specific party. One planning strategy to achieve the business owner's objectives and avoid the imposition of a taxable shareholder benefit is to use "life insurance shares".
Read MoreDid You Know?
A Dependent is usually a spouse and unmarried children (adopted, step or natural) of an employee.
Did You Know?
A policy holder is the individual or business that buys the insurance policy.
Did You Know?
TSFA is an abbreviation for Tax-Free Savings Account. Learn more here.
Did You Know?
Capital Cost Allowance - A taxation term, equivalent to depreciation, that makes allowance for the wearing away of a fixed asset.
Did You Know?
A Bear Market is a declining financial market
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