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TAX TIP #1
If you've already made
your will ... be sure to keep it up to date. You should revisit
your will on an annual basis and be sure to revise it if you
move, have a change in your marital status, have a child, or
change your overall estate plan.
You should also make sure
your will is revised if a beneficiary, executor or witness to
a signature dies. In addition, your will should reflect any changes
made to the provincial Family Law or Income Tax Acts that affect
you.
TAX TIP #2
When considering donating
the funds from your RRSP or RRIF to a charity on your death,
don't make the charity the beneficiary, even in your will! Instead
name your estate as the beneficiary and put instructions in your
will transferring the money to one or more charities. This will
ensure that your estate will get the benefit of the tax credit
for your donation.
TAX TIP #3
TAX TIP #4
YEAR END TAX TIPS
INTERGENERATIONAL WEALTH TRANSFER
POWER OF ATTORNEY
FINANCIAL PLANNING - 6 THINGS TO THINK ABOUT
"BUY TERM
AND INVEST THE DIFFERENCE" - Think Again!
IN TRUSTS WE TRUST
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