TFSA

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 investor. For most, the answer is “a bit of both.”
If you have a looming short or medium-term need (under five years), the untaxed TFSA withdrawals are likely the right choice. For longer term retirement needs, you’ll want to invest in an RRSP.

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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 a 1% indexing (inflation) for those numbers subject to that condition.

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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, money, and emotional hardship. Estate planning can be complicated, but there are some basic “must-do’s” that should be regularly updated and reviewed. Below is a simple checklist for making sure your estate plan is up to date.

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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 years.

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RRSP vs TFSA

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 investor, regardless of age or amount of savings. For most, the answer is a bit of both. If you have a looming short or medium-term need (under five years) that will require funds, the untaxed TFSA withdrawals is likely the right choice. For longer term, retirement needs, you’ll want to invest in an RRSP.

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Essential Tax Numbers For 2020

With a new year comes new tax numbers! Below is a quick reference of important tax numbers for 2020.

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Dividend Income Vs Interest Income: How They Affect OAS

Avoiding the Old Age Security clawback is typically a top priority for retirees and their advisors. Understanding how different types of investment income can affect your OAS benefit is vital when trying to keep your income under the clawback threshold.

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Retirement Myths Debunked

We are experiencing a silver Tsunami. The leading edge of the Boomers turned 65 six years ago. On average, 1,250 Canadians turn 65 years old every single day. Most Boomers were born between 1961 -1965. That’s why you feel everyone has been turning 50. And people are living longer, much longer.

With all of this happening, it’s small wonder that the media, politicians and the financial services business are all talking about retirement. That kind of focus may be good, because of what it means for savings habits and pressures on goods and services.

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The Duties of Being a Trustee

Trustees can be appointed for any number of reasons, but whatever the purpose may be, the duties of a trustee are typically to hold the legal title of an asset or group of assets for another person. Trusts are made up of four components: the settlor who creates the trust, the trust and its assets, the trustee who is responsible for the trust, and the beneficiaries of the trust. When a settlor creates a trust and appoints a trustee, they are in essentially “trusting” you to manage the assets appropriately for their beneficiaries. This may seem like an honor or a privilege, but in reality, being named a trustee is a huge responsibility and can be a stressful position to uphold.

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