The Personal Financial Planner's Manual™
Summary of Contents of Update 45


October 2005

Section-Chapter
2-2. Employee Benefits
  This Chapter has been updated to include current income tax statistics and changes to the taxation of employment benefits.
 
2-3. Lifestyle Expenditures
  This Chapter has been updated to include the latest statistics on household expenditures from Statistics Canada and on the Consumer Price Index.
 
2-4. Mortgage & House Strategy
  This Chapter has been updated for the housing price survey from Royal LePage, and rates for housing starts and interest rates.
 
2-5. Child Care
  This Chapter has been revised to include current information on the costs of raising a child and the income tax deduction for child care expenses.
 
3-13. More Taxation of Capital Property
  This Chapter includes a description of how the present value of the annualized deferred income tax of a property is used to determine which of two or more principal residences should designated for a particular year of ownership.
 
5-4. Registered Education Savings Plans
  This Chapter has been updated to include the Canada Learning Bond, the enhanced Canada Education Savings Grants, and the extension of the duration limits for the disabled.
 
6-5. More Risk of Death
  This Chapter has been revised to expand on the coverage of the rights of creditors to the cash surrender values of life insurance policies and the account values of segregated funds.
 
9-1. Quick Reference
  The Chapter has been updated for the 3rd quarter prescribed interest rates, 3rd quarter OAS benefits, and the latest statistics on the Consumer Price Index.

The Chapter has been updated for the 2005 federal income tax factors, prescribed interest rates, Canada Pension Plan rates, OAS benefits, and the latest statistics on the Consumer Price Index.
 

Return to recent updates