RRSP

Understanding RRIF’s

Registered Retirement Income Funds (RRIFs) are an investment vehicle that are designed to payout the assets you’ve accumulated in your saving years. RRIFs are essentially ...
Continue Reading →

Investment Income and Income Tax

Investments can deliver a major source of income and tax implications for individuals. Each major type of investment income is subject to different tax treatment. ...
Continue Reading →

Tips on Retirement Savings Plan

A retirement savings plan is a way of protecting your post-retirement financial lifestyle.  However, in recent times, recessions, stock-market declines, housing market bubbles, joblessness, and ...
Continue Reading →

5 Ways to Avoid Capital Gains Tax

Capital Gains tax occurs when you sell capital property for more than you paid for it. In Canada, you are only taxed on 50% of ...
Continue Reading →

Converting an RRSP to a RRIF 2021

If you are nearing retirement, you may be starting to think about creating retirement income for yourself from your RRSPs.  Registered Retirement Savings Plans (RRSPs) ...
Continue Reading →

What to Consider When Drawing Down Your RRSP

If you have been a good saver and contributed religiously to your RRSP, you should be rewarded with a sizeable six or seven figure RRSP ...
Continue Reading →

TFSA or RRSP? Take your pick 2021 Update

Whether you should invest in a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP) is a question that affects almost every ...
Continue Reading →

Essential Tax Numbers for 2019, 2020 and 2021

With a new year comes new tax numbers! Below is a quick reference of important tax numbers for three years, including 2021. CRA has utilized ...
Continue Reading →

The Saving Versus Mortgage Dilemma: How to Best Utilize

Investors often are conflicted on what to do with surplus cash. Your options for available cash usually fall into three categories:  spending it, investing it, ...
Continue Reading →

Creating and Maintaining an Estate Plan

While uncomfortable to think about, effectively planning ahead for when you are no longer here can save your loved ones a great deal of time, ...
Continue Reading →

Recent Posts

Categories