When money is paid out of a registered education savings plan (RESP), the various types of payments and tax treatment can cause confusion so here is an article about withdrawing funds tax-efficiently from RESP accounts.
Bill C-208 is a Bill that amends the Income Tax Act in an attempt to alleviate the financial disadvantage that typically arises for taxpayers who sell their family farm (or small business) corporation to their children as opposed to an arm’s length person. The Bill is welcome news!
RESP Family Plans are a great way to ensure your children have an opportunity and the financial freedom to obtain their educational goals. The sooner you start the more you will accumulate.
Climate change, environmentally friendly, hydrogen fuel, recycling, and much more! As part of Allied’s Investment Philosophy we endorse and support our industry ESG funds and our fund managers.
I have and interesting story to share from a friend and college of mine Mr. Robert Livingston and Money Manager from Toronto and who we use for managing my Father’s Charitable Foundation investments.
Making plans to support the next generation of Farmers
Carbon Tax increases……should Farmers be worried? The Federal Government has pledged to more than triple the price of carbon by 2030. What does that mean for Farmers?
SOWING YOUR FINANCIAL FUTURE with Kirk: With so much focus on the pandemic, it’s important that we stay attentive to the everyday needs of Individuals and their families including the fears, concerns and stresses of new Moms and Dads.