Posts by Julia Bacci

Prejudgment interest is interest on a sum of money that a Court awards to a person from the time the loss or damage occurred until the Court makes a decision. Simply put, prejudgment interest compensates for the time the person had to wait to receive the money they were owed. Relevant Legislation and Discretion of…

What is a LIF? In Ontario, a LIF is a registered retirement plan that converts locked-in pension funds into retirement income. Through a LIF, the account holder can designate beneficiaries like any other investment account. Spousal Entitlement Priority Despite the ability of the account holder to designate beneficiaries, spouses of the account holder have first…