Count your US days: The snowbirds sing… and the IRS listens (2018 update)
This is a very well done article by PWC on Snowbirds.
Tax-Free Savings Account (TFSAs)
Tax-Free Savings Accounts
The Tax-Free Savings Account has been part of the financial landscape of Canadians for almost 10 years, specifically since Jan 1, 2009.
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- Learn how TFSAs Work
- Comparison with RRSPs from a Tax Perspective
- The Non-Resident
- TFSAs and Marriage Breakup
- TFSAs at Death
- Excess TFSA Contributions
Knowledge Idea #2
If you or your kids have a mortgage, it is likely you or they have mortgage insurance. There are some key differences between mortgage insurance issued by a bank and term insurance. I believe most clients with mortgage insurance issued by a lender are unaware of the potential risks.
Click here to watch CBC Marketplace video
Knowledge Idea #1
You might be one of my clients with a second property and a mortgage. We are in the second half of the calendar year now and in what might be the later stages of a bull market cycle. Interest rates have been moving up.
Consider deregistering any tax-free profits you have realized in your tax-free savings (TFSA) account to pay down your mortgage – with tax-free earnings.
Economic and Financial Outlook – NBF Economics & Strategy Group
Last Wednesday night, I attended our annual Economic Dinner in Vancouver with Chief Economist Stefane Marion.
I have attached a PDF of the slides that made up the presentation for your review. While the presentation covered a lot of material pertaining to both Canada and the United States, I was interested in the data pertaining to workforce and immigration which kicks off around page 32.
Best,
Rob Hunter