Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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How will a pension buyback impact your income tax return? + MORE Apr 7th
Q. I plan to do a pension buyback for my service with the Government of Canada. Can I deduct the lump sum payment from my total income if I fully pay the amount at once? And will the total income reported on my T4 be reduced if I choose to deduct a certain amount from each pay stub? Looking forward .... More »
Planning to cash in on your home to help fund retirement? Here’s how to do it right + MORE Dec 14th
Elizabeth and Charles have a home worth about $1.3 million. They’re considering selling and downsizing to a smaller unit to bulk up retirement savings. We ask experts for advice on the right move..... More »
Is the Couch Potato a good choice for larger portfolios? + MORE May 27th
Q: I have a portfolio of just over $400,000 with an advisor in active mutual funds with fees between 1.75% and 2.80%. My investment firm is now recommending a pooled fund that is 0.50% cheaper. I also have a self-directed TFSA, where I use the TD e-Series index funds. Is the Couch Potato appropria.... More »
Who will replace Brad Wall as Saskatchewan Party leader? - CBC.ca + MORE Aug 12th
CBC.caWho will replace Brad Wall as Saskatchewan Party leader?CBC.caSaskatchewan Premier Brad Wall has announced his retirement and political analysts say there are no obvious candidates who might replace him. "Saskatchewan needs renewal, a fresh perspective in leadership," Wall said Thurs.... More »
Canada’s income tax brackets for 2023, plus the maximum tax you’ll pay based on income + MORE Dec 7th
Taxes are an inescapable fact of life in Canada. Despite this, many of us don’t think too hard about the specific federal and provincial tax brackets that govern our taxable income. Nonetheless, understanding what bracket we fall into is key to accurately estimating the amount of tax we owe on our.... More »
Can Questrade really save you 30%?
– moneysense.ca
Questrade’s latest marketing campaign is turning a lot of heads, not for their design, but for the blunt questions they’re asking. “Are mutual funds costing you 30% of your retirement?” screams one of the ads. “Why do Canadians pay the highest mutual fund fees in the world?” shouts another..cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How much are you paying for financial advice?
My first impression: It’s a good campaign. I’m all for asking tough questions and indeed I can’t think of anyone who wouldn’t want 30% more money when they reach retirement. This campaign is obviously timed to make fees ‘top of mind’ as consumers receive their new expanded disclosures that are part of the so-called CRM II (the second phase of the Client Relationship Model put forward by Canadian securities regulators). Those will reach investors for the first time in mid-January…
