A brief look at what’s been going on in North America…
The US SECURE Act has been signed into law. The Senate and House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), which entails major changes to retirement and estate planning.
The most significant change applies to individuals owning a qualified retirement plan, such as a 401k, who die after January 1. Beneficiaries inheriting such a plan must now withdraw the proceeds within the ten-year period following the owner’s death.
In Canada, the Supreme Cour...
