Category: Transfers
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Why the FHSA could be called the ‘full-time renters’ program’
The new tax-free First Home Savings Account (FHSA) could be one of the most popular tax-advantaged investment vehicles available to Canadians, combining the benefits of a registered retirement savings plan (RRSP) and a tax-free savings account (TFSA). Really, you cannot get much better than that! Globe Advisor reporter Brenda Bouw spoke with Jamie Golombek, managing…
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The BEST (IMO) TFSA Contribution Room Calculator
Good Monday Morning, I get so many clients asking how much TFSA room they have available. If you were over 18 years of age when TFSAs were introduced in 2009, have never made a withdrawal and contribute nice round numbers, this is an easy task. However for any other scenario, it can be really difficult…
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QROPS – Qualified Recognized Overseas Pension Scheme
A QROPS is a Qualified Recognized Overseas Pension Scheme and the ONLY vehicle for which a UK Pension can be transferred into Canada. As of writing this, only ONE company in Canada has been approved by the UK Government as able to open and maintain QROPS accounts. This is a big deal if you already living in Canada…