RRSP, TFSA or Insurance Products, Which One Should You Choose?
It is that time of year again, the time where you are inundated with ads to invest in your Registered Retirement Saving Plan’s (RRSP).
RRSP
Steps to Avoid the OAS Clawback
According to the Canadian government website, Old Age Security is the largest pension program in Canada. OAS pays a monthly income to seniors who are age 65 and over. The amount of the payment is not based on past income but rather how long you resided in Canada after the age of 18. If you have turned 65 you are eligible for the maximum OAS income if you have resided in Canada for at least 40 years after turning 18 AND have resided in Canada for at least 10 years prior to receiving approval for your OAS pension. There are some exceptions for those who don’t fully qualify based on temporary absences during that requisite 10-year period.
Optimizing Wealth Through Asset Re-Allocation
If you are an active investor, your investment holdings probably include many different asset classes. For many investors, diversification is a very important part of the wealth accumulation process to help manage risk and reduce volatility. Your investment portfolio might include stocks, bonds, equity funds, real estate and commodities. All these investment assets share a common characteristic – their yield is exposed to tax. From a taxation standpoint, investment assets fall into the following categories…
Comparing TFSAs and RRSPs
If you are seeking ways to save in the most tax-efficient manner available, TFSAs and RRSPs can both be effective options for you to achieve your savings goals more quickly. However, each plan does have distinct differences and advantages / disadvantages. Let’s take a look at their key features
RRSP Deadline is March 1, 2018. How much tax can you save?
The deadline for contributing to your Registered Retirement Savings Plan (RRSP) for the 2017 tax filing year is March 1, 2018. You generally have 60 days within the new calendar year to make RRSP contributions that can be applied to lowering your taxes for the previous year.
How to avoid outliving your retirement savings
How to avoid outliving your retirement savings.
Here’s the good news – it doesn’t have to be an either or choice. Why not do both?
TFSA or RRSP 2018
One of the most common investment questions Canadians ask themselves today is, “Which is better, TFSA or RRSP”?
Here’s the good news – it doesn’t have to be an either or choice. Why not do both?
Post Election Market Commentary
In light of recent election results, we have posted this economic outlook.
A New Year’s Resolution You Shouldn’t Break – Saving For Retirement!
Many of us set New Year’s resolutions for ourselves and often those resolutions have to do with finances. January is the month we say, “Ok,… Read More »A New Year’s Resolution You Shouldn’t Break – Saving For Retirement!
TFSA or RRSP?
One of the most common investment questions Canadians ask themselves today is, “Which is better, TFSA or RRSP”? Here’s the good news – it doesn’t… Read More »TFSA or RRSP?