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 ...
March 5, 2024
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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. ...
April 26, 2023
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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 ...
April 29, 2022
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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 ...
September 30, 2021
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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) ...
July 29, 2021
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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 ...
May 31, 2021
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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 ...
December 22, 2020
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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 ...
November 30, 2020
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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, ...
July 31, 2020
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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, ...
July 31, 2020
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