Category: Retirement Planning
Understanding the difference between a tax deductions and a tax credits will help you to apply strategies and use financial tools to help reduce the taxes you pay on your retirement income. Tax Deductions...
How much should I invest in an annuity? The amount of money that you invest in it will depend largely on your capability to pay the premiums offered by the insurance company. Things to...
Being self-employed means more than just having a good idea and the drive to make it happen. You also have to balance the books and fulfill your tax obligations with the Canada Revenue Agency...
What To Consider When Preparing For Retirement Many people look forward to their retirement days when they can enjoy the pleasures of retired life. But they have not yet realized the importance of planning...
How much should you save for retirement in Ottawa? Many of you are probably wondering how much you should save. Maybe $500,000? Maybe $1,000,000? Maybe more? To be completely honest, I really don’t know....
The Rule of 72 The last time you reviewed your retirement account did you happen to notice your rate of return? Your online brokerage account will usually specify this in three different ways:...
When looking towards retirement many people just think about the joy of not having to work anymore. Unfortunately, even though a person retires they still have bills to pay. The need for careful planning...
Canada’s finance ministers came to an agreement to make changes to the CPP. They came up with an expansion to the Canada Pension Plan to help future Canadians save for retirement. These changes happened...
Everyone works their whole life to pay bills, go on vacation, provide for their kids, and much more. Most people dream of the day when they can retire. It is interesting to me how...
Your relative passed away at age 80 in early 2016. They never married and had no children. You are the sole beneficiary in their will. Is your inheritance taxable? It is basically the executor’s...