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Why early RRIF withdrawals don t work for most retirees

How top women advisors manage being successful while raising children

How top women advisors manage being successful while raising children

Canada s Top Wealth Advisors 2023: Sophia Ito - The Globe and Mail

Rush to purchase luxury items may lead to unintended consequences

The Globe and Mail Brenda Bouw Published May 12, 2021 The federal government is proposing a tax on the sale or lease of new luxury cars and personal aircraft that cost more than $100,000, and personal-use boats that cost more than $250,000. The tax would be calculated at the lesser of 20 per cent of the value above the thresholds or 10 per cent of the full value of the luxury car, boat, or personal aircraft. Bart Sadowski/iStockPhoto / Getty Images The Liberal government’s plan to tax expensive cars, yachts, and private aircraft introduced in this year’s federal budget has prompted many wealthy clients to check in with their financial advisors and see if they should consider buying these luxury items before the new charge is expected to take effect on Jan. 1, 2022.

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