On the first day of giving, my law firm gave to me, a donation to the Cancer Society.
There are many foundations working hard to battle this nondiscriminatory disease, but the Canadian Cancer Society has been recommended by one of our legal assistants, Lisa Esposto, as being one particular organization that has had an impact in her life. Lisa and her family have used the society’s support and services in the past, and we are happy to contribute to them on her behalf.
The Carson Law and Breen Law family is proud to announce an initiative that has been in the works since the two law firms decided to begin sharing office space in April of 2018. December 12 will mark the beginning of our 12 Days of Giving.
Staff members have been asked to select a charity that each of them feels strongly about. From this list, we will donate to one charity each day running from December 12 to December 24. During this time, we will post which charities are selected daily and why they are important to us.
Are you a healthcare professional who has contemplated whether becoming incorporated is the right strategic move for your business? Check out these pros & cons for your consideration.
Carson IP division leader, James W Carson, provides a basic summary about Patents to help people familiarize themselves with this important tool for protecting ideas and inventions, and developing a solid business strategy.
As part of the estate planning process, individuals will often consider establishing a joint account with one or more of their adult children or other family members. Sometimes, this is done as a tool for expediency so that a joint account holder can help to manage the account, or to make the assets immediately available to the surviving accountholder(s) upon the death of the first joint accountholder. In other cases, a joint account is a planning technique used as part of a strategy recommended by an individual’s legal and tax advisors to seek to minimize probate tax. Whatever the motivation behind the account, before you open a joint account, it is important to be aware of the different joint account types available.
A Tax-Free Savings Account (TFSA) is a flexible investment account that you can use to meet short and long-term goals. Assets held inside a TFSA can earn interest, dividends or capital gains, but this income is not taxed, even when amounts are withdrawn from the TFSA, unlike a Registered Retirement Savings Plan (RRSP). Therefore, a TFSA can be used for both retirement and pre-retirement goals.
Since your Registered Retirement Savings Plan (RRSP) matures on December 31st of the year you turn 71, you will likely convert it to a Registered Retirement Income Fund (RRIF). A RRIF is funded by rolling your RRSP funds into the RRIF on a tax-deferred basis. You can then use the funds in your RRIF as an income source for retirement. You can see a RRIF as an extension of your RRSP. As with your RRSP, you can continue to manage the investments in your RRIF. Like an RRSP, the growth of investments held within a RRIF is tax-deferred.
Carson Law is actively searching for an Assistant Financial Clerk to assist with tasks associated with the financial responsibilities required to complete real estate transactions as well as daily operations. This is the perfect job for anyone looking to enter a rapidly growing firm or a recent graduate hoping to enter the workforce and continue building their knowledge base.
Carson Law is happy to introduce everyone to our friends at The Real Estate Investing Training & Education (REITE) Club. After taking a short break for the summer, their next event is scheduled for Wednesday Sept 5th at the Holiday Inn Burlington where Ryan, himself, will be a guest speaker and will be open to answering all of your burning questions.