Posts Tagged 'dfs private wealth'

Coincidence or Connection

Coincidence or Connection

Coincidence or Connection – How Grief Can Awaken Our Capacity to Notice Connections Between Seemingly Unrelated Events

Have you ever experienced an event that struck you as just a bit odd at the time – and then something else happens later and you look back on that original event and can’t help but wonder if it was connected in some way?

Some call it coincidence. But I’m really starting to wonder if these seemingly random events are connected in some way – ...

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Preparing a Final Tax Return

Preparing a Final Tax Return

When a loved one passes away, you will have many tasks to tend to and decisions to make. One of those tasks may be completing the individual’s final, or terminal, tax return.
The first step is to inform the Canada Revenue Agency that the person has passed away. You can call the CRA at 1-800-959-8281 or you can file form RC4111. The CRA provides the booklet “Preparing Returns for Deceased Persons” to help you; ask for a copy.

You will need ...

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Joint Bank Accounts a Must

Joint Bank Accounts a Must

Why the Joint Bank Account is a Must for Married Couples

Jennifer Black of DFS Private Wealth was interviewed by Rob Carrick of the Globe and Mail.
Rob Carrick Joint accounts

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Preparing the Final Tax Return

Preparing the Final Tax Return

Courtesy of Janet Baccarani & Jennifer Black from DFS Private Wealth.

Preparing a Final Tax Return

In our ongoing series on Death and Taxes, we look at a few of the common questions associated with preparing a tax return for someone who’s died.

Who is responsible for filing the deceased’s final tax return?

The deceased’s legal representative is responsible for ensuring that the tax return is filed. The legal representative would be the Executor (as named in the will) or the Administrator ...

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Yesterday A Wife, Today A Widow

Yesterday A Wife, Today A Widow

Courtesy of Robert Lamb from Maven Financial.

Yesterday A Wife, Today A Widow

When a widow first comes to me she often seems lost and very alone. “I believed my life was over. I believed I would never be happy again. I believed I had no reason for living…”

“Can I make it?” is the same question asked by widows whether they’re worth more than a million dollars or considerably less. As a financial planner the role becomes that of being a decision ...

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Death & Taxes Part 2

Death & Taxes Part 2

Courtesy of Janet Baccarani & Jennifer Black from DFS Private Wealth.

Widows and widowers can face a variety of distinct issues come tax time. In our second installment on “Death and Taxes”, we examine RRSP options.
RRSP options after the death of a spouse

Let’s first deal with what some might consider the obvious. No contributions can be made to a deceased individual’s RRSP after the date of death.

Note however, the deceased individual’s legal representative can make contributions to the surviving ...

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Death & Taxes Part 1

Death & Taxes Part 1

Courtesy of Janet Baccarani & Jennifer Black from DFS Private Wealth.

Tax season can be a challenge at the best of times – but, what if it’s following the loss of partner or spouse? What then?

Widows and widowers can face a variety of distinct issues come tax time. Memories are revived and emotions can come to the forefront again. And, then there’s the reality dealing with the numbers and the numerous questions that can go along with them.

Frequently asked ...

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Death & Taxes Part 3

Death & Taxes Part 3

Courtesy of Janet Baccarani & Jennifer Black from DFS Private Wealth.

In our continuing series of blogs examining “Death and Taxes”, we turn our attention to beneficiary designations on your RRSP or RRIF.

When your spouse has died, you may need to change the beneficiary designation on your RRSP or RRIF.

Two approaches to beneficiary designations

The designation approach that generally makes the most sense is naming a new beneficiary on the plan application form itself.
In a case where you wish to ...

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Find the Right Real Estate Agent

Find the Right Real Estate Agent

Courtesy of Adele Paletta from Royal LePage Realty Plus.

Working with the right real estate agent will mean a great deal in the long run, whether you are buying or selling a home. There are many agents to choose from, but you need to find an agent you have a rapport with. You need to know that your real estate agent is dependable, trustworthy, honest and working for your best interest and not their own. You need to choose a ...

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Types of Mortgages

Types of Mortgages

Courtesy of Alexandra Evans-Munoz from The Mortgage Centre.

What Kind of Mortgage Do You Have?

There are two ways in which a lender registers a mortgage loan when your home is used as the security: as a mortgage charge or as collateral charge. Mortgage charges are registered at the Land Registry Office, can be registered, transferred or discharged. This means that if you want to transfer your mortgage to another lender at renewal, you can do so and the ...

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