The first things that come to mind when you think of estate planning might be your will, beneficiaries and executor or estate administrator. However, another key element is planning for the tax liability on your estate’s assets.
Read MoreWithdrawals from a Registered Education Savings Plan (RESP) are different than those from other registered plans. With an RESP, some withdrawals are taxable, while others are not.
This means you need to do some tax planning when you withdraw funds.
Read More"What is the FHSA (Tax-Free First Home Savings Account) – and how is it different than a TFSA or an RRSP?
Read the full article, featuring Tony Sutey, CFP: Senior Financial Advisor at Spire Advisors of Assante Capital Management Ltd. in Huntsville, ON. Visit: https://www.ctvnews.ca/business/what-you-need-to-know-about-the-first-time-homebuyers-savings-account-1.6340153"
