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. ...
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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 ...
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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 ...
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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) ...
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What Happens If You Overcontribute to Your TFSA?
The amount deposited into a Tax Free Savings Account (TFSA) is subject to a yearly contribution limit. For 2020, and again in 2021, the annual ...
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What You Need to Know About Guaranteed Minimum Withdrawal Benefit Annuities
Guaranteed Withdrawal Benefits, or GMWB, are options in some segregated fund contracts that allow the policy holder to receive a guaranteed income for life. These ...
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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 ...
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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, ...
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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, ...
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6 Tips for More Successful Investing
There is no one and done way to invest, but there are a few tried and true principles that have served investors well over the ...
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