Nov 21, 2024 · The staff of Advisor.ca have been covering news for financial advisors since 1998.

Oct 15, 2024 · AdobeStock / Alex. The TFSA dollar limit will be $7,000 in 2025, matching the 2024 amount. That means the total contribution room available next year for someone who has never contributed to a TFSA and has been eligible to do so since its introduction in 2009 is set to be $102,000, up from $95,000 this year.

May 14, 2021 · iStockphoto Federal Budget 2021 proposed expanding eligibility for the disability tax credit (DTC) in the areas of mental functions and life-sustaining therapy. This is welcome news for thousands of Canadians who didn’t previously qualify. Not only does DTC eligibility offer immediate tax savings, but it opens the door to other tax benefits and programs to assist eligible Canadians with ...

Nov 1, 2024 · iStock / Bob Bosewell. The year’s maximum pensionable earnings under the Canada Pension Plan for 2025 will be $71,300, up from $68,500 in 2024, the Canada Revenue Agency (CRA) announced Friday.

5 days ago · Mutual funds rebound in 2024; ETFs set record: IFIC. Mutual fund net sales totalled $15.2 billion in 2024, the first year of positive net sales since 2021

Sep 25, 2024 · AdobeStock / Nishihama. While recent changes in federal tax policy may affect whether trusts represent the best planning strategy for some families, the vehicles still have benefits.Many Canadians settle trusts for their families for privacy purposes as well as to provide trustees the ability to gift to beneficiaries in accordance with the trust’s (and family’s) goals.

Oct 10, 2024 · iStock / tiger barb. Taxpayers who sold property earlier this year to avoid the federal government’s hike to the capital gains inclusion rate (CGIR) could regret having done so if the tax measure is not passed into law before the next federal election.

Dec 18, 2024 · iStock / ArtistGNDphotography. After Advisor.ca looked at how four financial planning and analysis software products fare on features for mid-career and retirement planning, we asked advisors how they made their software choices.Experienced users said cost, technical support, live updates and layout clarity were key factors.

Nov 26, 2024 · iStock / damircudic. Selecting the right financial planning and analysis software can feel a bit overwhelming, even for seasoned professionals. Advisor.ca reached out to experienced users and provider representatives to learn how to make the right choice. Their guidance — look for recommendation engines, pension and estate planning features and an easy-to-read layout.

Jun 11, 2020 · Quebec: Nova Scotia: Nfld. Age range: Any age up to Dec. 31 of the year you turn 65: 55 to 64: 55 to 64: Maximum amount: 40% of maximum pensionable earnings ($23,480 in 2020)