"Show me the Money"
How much is the Pension Tax Credit
What is $2,000
I'm going to make him an offer he can't refuse
Godfather
What must you sell to qualify for LCGE (Lifetime Capital Gains Exemption.)
Shares of the business
In a NR Account, what is default destination for distribution?
Cash account within IAA
Stefani Joanne Angelina Germanotta
Who is Lady Gaga
At what age can you split DB Pension Income?
As soon as you receive it.
You can't handle the truth
A Few Good Men
Capital Gains Exemption in 2018?
$848,252
What type of Investment accounts are eligible for IAA?
RESP, TFSA, RSP,RDSP,LIRA,RRIF,LIF, NR
Mark Sinclair
Who is Vin Diesel
At what age must you stop contributing to CPP?
What is 70
A census taker once tried to test me. I ate his liver with some fava beans and a nice chianti."
Silence of the Lambs
How many years can an asset be in a Trust before it's deemed to be disposed for CRA?
21 years
What type of branch investments are eligible within IAA?
All F Series funds, Blue Bay and limited number of PH&N
Reg Dwight
Who is Elton John
How much is the Age Amount Tax Credit?
What is $7,333
Carpe diem. Seize the day, boys. Make your lives extraordinary
Dead Poets Society
At what amount/level of passive income will businesses no longer be able to be taxed at small business rate?
$150,000
When switching a RBC Managed Payout solution from series A to IAA, what needs to be considered?
Different Unit price and distribution rate; change to the payout amount; how the fee is paid, tax deductibility of the fee
Peter Gene Hernandez
Who is Bruno Mars
How much is max OAS payment in 2018?
$586.66
Greed, for lack of a better word, is good.
Wall Street
What % of assets must be used for Active Business Income at sale date to ensure shares qualify for LCGE (Lifetime Capital Gain Exemption)
90%
What are 3 benefits to investors within the IAA?
Tiered pricing, family grouping, enhanced cost transparency
Georgios Panayiotou
Who is George Michael