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Some time ago I received an e-mail from the chief financial officer of a New York-based software company that had just bought a Canadian firm with 200 employees. They were asking for a resource to set up an equivalent to the 401k plan for their new Canadian workforce. The Canadian equivalent to the 401k is [...]
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Only one more week before the 2008 RRSP season comes to a close. All you last minute contributors need to make sure you are contributing for the right reasons.
Registered Retirement Savings Plans, as the name suggests, are designed for retirement savings. Unfortunately, statistics show that millions of people are taking money out of RRSPs long [...]
If you do not have enough money saved to contribute to your RRSP, an RRSP loan could be an option worth considering.
Since you cannot deduct the interest on money borrowed to purchase RRSPs, you should opt for the shortest possible period that you can pay off the loan.
Short-Term Top-Up Loans
Therefore, short-term top-up loans that can [...]
Its RRSP time again and we have until March 1 to make our contributions to qualify for a tax deduction on our 2006 income tax return.
A recent study by RBC suggests that Canadians regard saving for retirement as their No.1 priority - no surprise given our aging population. In practice, however, our savings rates are [...]
Everyone wants the best investments for their registered retirement savings plan. The problem for many people, though, is that there are too many RRSP choices and too much clutter in the investment world, which can lead to confusion and indecision especially when were bombarded with information during the annual last-minute RRSP season.
Here’s a look at [...]
For the vast majority of working Canadians there is simply no better financial opportunity than that which is available through early and regular contributions to an RRSP. It’s an unbeatable combination of tax-deductability and tax sheltered growth that two generations have made the centre-piece of their investment portfolios. Anything of such an obvious benefit deserves [...]
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Posssibly your last major financial decision. Make sure you get it right!
Your RRIF/LRIF planning will determine your retirement nestegg. You’ll need income to support yourself - and your spouse - and growth to ensure you don’t outlive your funds. Important decisions have to be made regarding investment mix choices, minimum amounts and commencement of withdrawals.
ProfessionalReferrals.ca [...]
Experts have forever preached the merits of global investing. However, in more recent times, there has been a mass movement of money away from global investments into Canadian investments in hopes of reducing currency risk and also to take advantage of Canada’s strong markets and economy.
This year may be a good time to look global [...]
One area of tax planning that does not receive enough attention is the designation of beneficiaries when it comes to Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs). When you open up an RRSP or RRIF, you are opening up a special contract under the Income Tax Act, which requires that you [...]
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Every year we must file our taxes before the April 30th deadline. Often during this time of year, you will find a lot of articles providing you with tax tips to reduce the amount of tax you pay. This year as we approach the end of tax season, I offer you my tax planning tips.
1. [...]
Ken
There is an international agreement between Canada and the UK for government benefits. Call Service Canada to discuss your individual ... Karen
I am very sorry to hear that you are out of work due to your disability. You may be able ...
Try to find a mortgage broker who will show you how to pay less taxes, be debt free sooner and ...
I have been off work for over 2 yrs and I will not be able to return due to my ...
As of August 19, 2008, holograph wills are apparently legal in Nova Scotia:
http://www.legalinfo.org/index.php?option=content&task=view&id=114#8
Also, there is no indication ...
It would be helpful to make referance to what happens if the beneficiary designated were to pass away prior to ...
Hi, I was wondering where I could go to get E&O insurance as a insurance broker. 
CAAMP offers the licensing course and once you pass the exam you need to be registered with FSCO by a ...
If a shareholder is active in the business, in lieu of dividends may a fee be paid to the shareholder ...
We are experiencing this problem with my sister and brother who are co-executors for my mother who is 95. ...
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