Wellington-Altus Newsroom

A key element of estate planning is choosing an executor, someone you trust to carry out the instructions in your will. To ensure that the administration of your estate is completed efficiently and economically, it’s important to carefully evaluate your needs and choose your executor wisely.

It’s never too early to start planning the retirement you desire. But do you have a clear idea of how you want to spend your time, and if you have the means to support the lifestyle you envision?

Canadians have historically relied upon employer-sponsored pension plans, government benefits and their
own assets—including rising real estate prices—to cover their financial needs in retirement.

On November 3, 2022, the Department of Finance released updated draft legislative proposals outlining the First Home Savings Account (“FHSA”).

Trusts with a December 31 year end will be required to comply with the new reporting requirements beginning with their 2023 T3 Return.

Clients who have implemented a prescribed rate loan should be reminded to pay the appropriate interest relating
to the 2022 year on or before January 30, 2023.