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Focus LLP News and Tax Tips
Withdrawing from Family RESPs
Withdrawing from Family RESPs: Flexible planning possibilities. A Registered Education Savings Plan is an excellent way to save for you children's post-secondary education. (Check out our previous post, What is a Registered Education Savings Plan?) If you have more...
What is a Registered Education Savings Plan?
What is a Registered Education Savings Plan? Registered Education Savings Plans (RESPs) are a simple and effective way to save for you child's post-secondary education. The main benefit of an RESP is its tax-advantaged nature. Similar to an Registered Retirement...
New Standard for Compilation Engagements
New Standard for Compilation Engagements (CSRS 4200) For the majority of our corporate clients, we perform a compilation engagement to prepare financial statements and a corporate tax return. You may be familiar with a compilation engagement being referred to by the...
Designated beneficiaries of registered retirement accounts
Designated beneficiaries of registered retirement accounts (RRSP, RRIF, TFSA.) As the saying goes, the only guarantees in life are death and taxes, and unfortunately there are tax issues to deal with upon the death of an individual. If you have registered retirement...
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