MoneyMatters Newsletter Issue 31

Loans to Spouse and Minor Children – Effective Tool for Income Splitting to Reduce Taxes May the 4th be with you! Time to take advantage of income splitting by having higher income taxpayers loan funds to lower income Spouses/Minor Children. The Prescribed rate of interest will fall to 1% on July 1, 2020. This low […]

MoneyMatters Newsletter Issue 30

RRSP Over Contributions – No Mercy Do you know your RRSP Contribution Limit? As we are coming up to the end of the year, many people are considering topping off their RRSP’s to maximize their 2019 tax deductions. However, we continually see some people who over contribute. In that case what happens? The Penalty For […]

MoneyMatters Newsletter Issue 29

Distracted Driving Will Now Cost You Insurability or at least Much More Money Do you drive for a living or have a fleet of vehicles in your business? Do you drive to work? Recent UCP changes to remove the cap rates on auto insurance premiums will have an unintended consequence. Insurance companies in Alberta have […]