Posts Tagged RRIF

UNINTENDED CONSEQUENCES OF BENEFICIARY DESIGNATIONS

  Naming your spouse as a beneficiary of your RRSPs, RRIFs, LIFs and LIRAs is usually a good idea as these assets can rollover on a tax deferred basis only to your spouse or common law partner. However, in cases where you may not be married, ...

Comments Off on UNINTENDED CONSEQUENCES OF BENEFICIARY DESIGNATIONS   |   Posted in Estate Planning,Latest News,Retirement Planning,RRIF,RRSP,Tax Free Savings Accounts April 16, 2015

The Importance of Wills as an Estate Planning Tool

By Jag Gandhi, Hon. B.A., M.A., LL.B A Will allows us to express our final wishes and let our loved ones know that we took the time to think about and provide for them after we have gone. Everyone’s situation is unique to their personal circumstances, ...

Comments Off on The Importance of Wills as an Estate Planning Tool   |   Posted in Estate Planning,Financial Planning for Business Owners,Life Insurance,Tax Planning October 02, 2011

Creditor Protection for RRSPs and RRIFs

Prior to July 2008, only RRSPs and RRIFs issued by life insurance companies were creditor proof. On July 17, 2008, the regulations under the Wage Earner Protection Act came into force and so has the legislation providing protection to RRSPs. Briefly, the provisions applicable to RRSPs and ...

Comments Off on Creditor Protection for RRSPs and RRIFs   |   Posted in Credit and Debt Management,Financial Planning for Business Owners,RRIF,RRSP August 24, 2009