Most retirees have several sources of retirement income. The largest contributor to this income is typically a portfolio of investments.
It used to be enough for an estate trustee (executor) to provide the Ontario government with their own calculation of the value of an estate when filing for letters probate.
I am one of those people that believes that once our basic needs are met (food and shelter), happiness is derived more naturally from things that don’t necessarily have a large price tag attached.
There was a time (the early 1980’s) when 5-year GICs and government bonds were paying 12% yields.
In August 2011, Mark posted a blog titled “The Income Tax implications of Purchasing a Rental Property”.
Canada Mortgage and Housing Corporation (CMHC) is a Crown Corporation which administers the National Housing Act and provides mortgage insurance for high ratio mortgages.
This special issue is designed to highlight the budget changes that will have the greatest impact on our clients.
I’ll admit it, when I picked up a copy of Preet Banerjee’s new book, Stop Over-Thinking Your Money, The Five Simple Rules of Financial Success, I immediately flipped to chapter seven.
Yes. The executor has the right to charge a fee or “compensation” for managing an estate.