Summary RRSP must convert to RRIF when annuitant turns 71 Minimum annual withdrawals from RRIF start when annuitant turns 72 Younger spouse’s age may be used to determine withdrawal prescribed… Continue reading Retirement Tax Tip #3
Minimizing tax and maximizing flexibility when your student heads off to school. SUMMARY It’s that time of year again when high school graduates are off to post-secondary schools all across… Continue reading Withdrawing from an RESP
Summary Most income sources in retirement are taxed By timing the withdrawals from your RRSP/RRIF and deferring your CPP benefits, you can maximize the Guaranteed Income Supplement (GIS) GIS is… Continue reading Tax-Free Income in Retirement
Here’s the scenario: • Andy turned 71 this year and has earned income of $125,000 in the current year; his spouse, Mariam, is 68 and is retired.• Andy will be… Continue reading RRSP Contributions at age 71 (or older!)
7 quick actions you can take this month to improve your financial health in 2021. In January, our focus was on starting the year off right following the craziness of… Continue reading March Financial Spring Cleaning
Thoughts on where you should invest this RRSP season It’s been said that Canada has five seasons: Spring, Summer, Fall, Winter, and, wedged somewhere in between Winter and Spring, RRSP… Continue reading RRSP or TFSA
The financial industry’s switch from mutual funds to ETFs isn’t coming…it’s already here. ETF sales reached a “whopping” $41 billion, National Bank said. Covid-19 may have stopped the economy… Continue reading ETFs outpace mutual funds for third straight year
7 quick actions you can take this month to improve your financial health in 2021. 2021 will be a year of many challenges. While yesterday’s inauguration of Joe Biden as… Continue reading January Financial To-Do List
The following is the third installment of our continued analysis of the recent market volatility and assessment of investors’ options given current market conditions. As financial conditions continue to change,… Continue reading Market Volatility and Investment Tips to Navigate Today’s Markets
On March 25, the Federal Government updated their financial support to the growing economic challenges caused by COVID-19. Click on the button or any of the links below for details.… Continue reading Summary of Federal Financial Support
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