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The Canadian Immigrant Investor Program was an initiative of the federal government of Canada lasting from 1986 to 2014 that promoted immigration from people investing in Canada. Under the program, successful applicants and their families received permanent and unconditional Canadian residential visas and were then eligible to obtain Canadian ...
If you decide to become a permanent resident or apply for citizenship in Canada, you’ll need to understand the implications for taxes, retirement accounts and Social Security.
Tax-deferred retirement accounts like traditional IRAs and 401(k) plans let investors reduce their tax burden in a given year by deducting contributions from their gross income. But the tax ...
That's why it imposes required minimum distributions, or RMDs, on retirement accounts. Anyone age 73 and older must withdraw a certain amount from their tax-deferred accounts by the end of each year.
A minimum RRIF withdrawal is an annual obligatory amount which is cashed out of a RRIF and sent to the account-holder without withholding tax. The withdrawal remains taxable Canadian income, but is eligible for a tax credit to reduce federal income tax by 15% of the first $2,000 withdrawn, if the holder is 65 years or older.
As of September 2024, Greece's revised Golden Visa Program requires a minimum real estate investment of €800,000, except on islands with fewer than 3,100 residents, where the threshold is halved to €400,000. Investors are restricted to purchasing a single residential property of at least 120 square meters and are barred from short-term rentals.
The minimum age for withdrawing funds from an RRSP without penalty is 71, at which point the account must be converted into a Registered Retirement Income Fund (RRIF) or used to purchase an annuity.When funds are withdrawn from an RRSP, they are added to the individual's taxable income for the year, and are subject to tax at the individual's ...
an investment fund that distributes or has distributed its securities only to (i) a person that is or was an accredited investor at the time of the distribution, (ii) a person that acquires or acquired securities in the circumstances referred to in sections 2.10 of NI 45 106 [Minimum amount investment] or 2.19 of NI 45 106 [Additional ...