We wanted to clarify that any returns that were already due that have been deferred until June 1st under CRA’s administrative concession are NOT entitled to the extended September 1st filing deadline. However, for those returns that are otherwise due in June, July or August 2020, they were granted an extended filing deadline of September 1st 2020. In […]
Estate Planning: The Importance of Beneficiary Designations
When you open a Registered Retirement Savings Plan (“RRSP”), Registered Retirement Income Fund (“RRIF”), or Tax-free Savings Account (“TFSA”), the account opening documents typically include a place for a beneficiary designation. What is a beneficiary designation, and what are the consequences of designating or not designating a beneficiary? Beneficiary Designation Explained A beneficiary designation is […]
