Monthly Archives: July 2015

Budget 2015 proposes to reduce the amount that seniors are required to withdraw from a Registered Retirement Income Fund (“RRIF”)

Budget 2015 proposes to reduce the amount that seniors are required to withdraw from a Registered Retirement Income Fund (“RRIF”) in 2015 and subsequent taxation years. Please find below the comparison between the existing and new minimum RRIF factors.

Existing and New RRIF Factors

Age (at start of year)
Existing Factor %
New Factor […]

Isaac Lazar Pan Am Torch Bearer

On June 25th/2015, Isaac had the opportunity to represent Richmond Hill in the Pan Am Torch Relay. This was a great honor and privilege for Isaac, he has lived and worked in Richmond Hill for nearly 30 years. Together with his wife, Brenda, they raised 4 children, they have and […]

New Tax Free Savings Account limit is $10,000

New Tax Free Savings Account limit is $10,000 effective this year. If you would like to know more – please check CRA website http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/menu-eng.html