USING A TAX-FREE SAVINGS ACCOUNT AS COLLATERAL

Talk to us about whether it’s wise or not to use your TFSA as collateral. Cassie Schneider Tax-Free Savings Accounts (TFSA) have become integral to the financial plans of many Canadians. During the 10-years since inception, the TFSA has proven to be a multi-purpose vehicle helping Canadians meet their long-term savings goals. When structuring a […]

Schneider Insurance Update

It’s been a month since our last update and things have not improved.  I’m not talking about the markets (they’re up), but rather the Coronavirus and its ramifications on society and the global economy.  A few days ago, the IMF confirmed what was starting to become clear during our last update. That the global economy […]

USING A TAX-FREE SAVINGS ACCOUNT AS COLLATERAL

Tax-Free Savings Accounts (TFSA) have become integral to the financial plans of many Canadians. During the 10-years since inception, the TFSA has proven to be a multi-purpose vehicle helping Canadians meet their long-term savings goals. When structuring a loan, a TFSA plan holder is permitted to use the interest in their TFSA to secure the […]

Spousal Support

From time to time Separation Agreements and the obligations and spousal support payments come under dispute. It is important to understand tax and other consequences when attempting to change or amend a separation agreement and to include your accountant and lawyer in the process. When couples experience a break down in their relationship, one of […]