This post is also available in: Français (French)
First, the good…The SECURE Act provides the following benefits:
Many taxpayers planned on using children and grandchildren to allow these tax-deferred (and tax-free in the case of Roth IRA) accounts to continue to grow and provide funds for decades. Now the entire account will become taxable to your heirs within eleven years of your passing. This new rule will require innovative ideas when it comes to tax, retirement and estate planning. To learn more about how to address this radical change you should contact your professional consultant at UHY Advisors in one of our man
For more information: Click here
UHY Victor is taking action to maintain the health and welfare of our team, our clients and support communal efforts to respond to the coronavirus pandemic.
UHY Victor will remain open during this difficult period and client services will continue. We have implemented contingency plans which allow us to continue to operate as we all deal with the spreading pandemic.
In light of the present situation we have introduced the following measures:
UHY Victor will continue to monitor the changing situation and, will respond proactively as this major health challenge evolves.
We encourage all to stay informed and to visit the Public Health Agency of Canada COVID-19 site, and follow the guidelines set out by the government of Canada:
For more information on the guidelines of the Government of Canada on how to be prepared for COVID-19: Click here.