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October Newsletter

Personal Wealth and Finance




Registered Investments

Maximizing the “Second Harvest”: A Strategic Guide to RRIF-to-TFSA Transfers

For many retirees, the transition from saving to spending brings a surprising challenge: excess income. Once you convert your RRSP to a Registered Retirement Income Fund (RRIF) by age 71, the Canada Revenue Agency (CRA) mandates a minimum annual withdrawal. …


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Registered Investments

TFSA vs. RRSP: Withdrawal Rules

Navigating the TFSA and RRSP landscapes can be tricky, especially with “re-contribution” traps. Here is the detailed breakdown of the rules, the historical limits, and why the TFSA is often the superior choice for large, one-time withdrawals. TFSA Contribution & …


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Life Insurance

What Happens to Your TFSA After Death?

A Tax-Free Savings Account (TFSA) can continue providing tax advantages after death, but the outcome depends on who inherits the account. If you name your spouse or common-law partner as the successor holder, they automatically become the new account holder …


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Investor Insight

RRSP and TFSA REVIEW 2027

Updated for 2027 What are some differences between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP)? The tax benefits of the Tax-Free Savings Account (TFSA) The TFSA is a registered savings account that allows Canadian taxpayers …


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More Recent Articles




Estate View

Considerations when designing an Estate Plan

Estate planning is a process that allows one to determine how their assets will be distributed upon death. As we prepare to pass our lifetime assets to our heirs, there are key components of an estate plan that should be given careful consideration.


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Business

How can I reduce business owner risks?

Start-up firms and smaller companies are especially vulnerable to potentially devastating financial risk because they often lack big company sophistication and in-house risk-control expertise. We will help you gain control of your financial risk.


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Life Insurance

Creating Wealth with Life Insurance

Life insurance provides a tax-free death benefit and is a necessary component of most financial plans. Let’s look at the Top Insights on using life insurance to protect our assets and build wealth.  Types Of Life Insurance  Term Insurance: Term …


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