There are only a few months left to take advantage of low prescribed interest rates for income splitting and other loans as the rate will double to 2% on April 1, 2018. Prescribed rate loans can be used to split investment income with a spouse or common-law partner with lower income. One partner in the highest…
The amount for 2018 remains unchanged at $5500. If you were 18 in 2009 and have never made a TFSA contribution, your cumulative limit is $57,500.
The 2016 Canadian federal budget proposed to change the rules relating to tax-deferred switching inside mutual fund corporations. Effective December 31, 2016, switches from one class of funds to another are no longer done on a tax-deferred basis.
Click here to see the fees for various nominee plans. We are happy to announce that there are no increases. Note: These do not apply to client held accounts.