The Personal Financial Planner's Manual™
Summary of Contents of Update 46


March 2006

Section-Chapter
2-5. Child Care
  This Chapter has been revised to include information on the deductibility of legal fees for child and spousal support.
 
3-4. Provincial Budgets
  This Chapter has been updated to include the provincial tax brackets, rates, and amounts for tax credits for 2006. The Chapter also includes the proposals in the Provincial Budgets for 2006 that have been presented to date.
 
3-7. Taxation of Employees
  This Chapter has been updated for the 2006 rates for automobile benefits and allowances.
 
3-13. More Taxation of Capital Property
  This Chapter describes how the present value of the annualized deferred income tax of a property can be used to determine which of two or more principal residences should designated for a particular year of ownership. This Chapter has been updated to include current examples.
 
5-5. Students and Income Tax
  This Chapter has been updated for the 2006 tax rates.
 
6-2. Risk of Disability
  This Chapter has been rewritten to provide a better description of the many features of disability insurance plans.
 
7-2. Government-Sponsored Retirement Income Programs
  This Chapter has been updated for 2006 rates.
 
7-5. Deferred Profit Sharing Plans and Other Deferred Plans
  The examples in this Chapter have been revised and updated for 2006.
 
7-9. RRSP Home Buyers’ Plan and Lifelong Learning Plan
  The examples in this Chapter have been revised and updated for 2006.
 
8-9. Death & Taxes
  The examples in this Chapter have been revised and updated for 2006. Material has been added on clearance certificates and optional returns.
 
9-1. Quick Reference
  The Chapter has been updated for the 2006 federal income tax factors, prescribed interest rates, Canada Pension Plan rates, OAS benefits, and the latest statistics on the Consumer Price Index.
 
9-7. Formulas for the Financial Planner
  This chapter has been revised for certain formulas.
 

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