This question comes up from time-to-time. Here’s an easy way to explain the Pension Adjustment Reversal or PAR to your clients. Consider an employee who is a member of a Group RRSP at work. Under the terms of their group plan, they are contributing 2% of their salary and the company is matching.  Each year the group RRSP administrator will report to CRA the amount in total contributions to the employee’s group RRSP. Let’s also suppose the employer’s contributions vest after two years. For...

We’ve seen time and time again how the OAS claw-back leaves a bad taste in clients’ mouths. What if there was a way to potentially reduce...

Thanks for all the comments regarding last week’s newsletter on Joint Ownership with Rights of Survivorship. A few comments were about...