All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Université de Moncton: The new seniors on campus + MORE Feb 10th
Nursing student Danielle Theriault, left, works with a patient at the Université de Moncton’s Ecole de Science Infirmiere. (Photograph by Darren Calabrese)
Every September, university campuses spring back to life as students move into their dorms and classes get underwa.... More »
Kenney's 'fair deal' plan 'would completely change Alberta' if successful: political scientist - CTV News Nov 11th
Kenney's 'fair deal' plan 'would completely change Alberta' if successful: political scientist CTV News‘We need to unify Canada’: MPs explain lack of ‘appetite’ for Wexit in B.C. Global NewsA ‘fair deal’ for Alberta may come at a hefty cost for taxpayers, political .... More »
Marriage or mortgage: Which is the better investment? Mar 30th
Weddings can be expensive, but so can many of the things that come after a wedding—like a home purchase, starting a family and saving for retirement. And so money is an important relationship issue even before a couple ties the knot.
Both weddings and home purchases can both cause people to thin.... More »
Women, here’s how to save more for retirement — or you’ll live to regret it + MORE Mar 2nd
The right adviser and the right habits can impose discipline, writes Lesley-Anne Scorgie..... More »
How to calculate the taxable amount for a cashed-in whole life insurance policy + MORE Apr 19th
Ask MoneySense
I cashed in my whole life insurance policy last year and received a T5 suggesting I have to pay tax on the full amount of my cash value. Is this correct? The cash surrender value was $27,000, I paid $28,000 in premiums, and they told me my pure cost of net insurance was $30,000, whate.... More »
Quebec’s giant pension fund manager, Caisse de dépôt et placement du Québec, posted a 7.6 per cent return on investment last year, bringing its net assets to $270.7 billion.
Doubts grow over stock market’s Trump inspired surge
– canadianbusiness.com
How much more can the “Trump Bump” lift the stock market?
U.S. stocks have screamed to records since Election Day because investors are expecting Donald Trump’s White House to cut taxes for business, make regulations easier for them and goose more growth out of the economy. But investors around the world are questioning whether the rally is exhausting itself.
The big jump for stocks has come at a time when some investors had already seen markets as overpriced. Plus, skeptics see cause for caution with a president who prides himself on unpredictability. That has some favouring bonds or stocks from other countries over the U.S. stock market.
“When we had the election, there was initially shock,” said Darrell Riley, a vice-president at T. Rowe Price who helps set the strategy for how $240 billion in target-date retirement and other mutual funds are invested. “Investors were really shocked, and then we went into this period of euphoria, and now we’re in a state of confusion…
U.S. stocks have screamed to records since Election Day because investors are expecting Donald Trump’s White House to cut taxes for business, make regulations easier for them and goose more growth out of the economy. But investors around the world are questioning whether the rally is exhausting itself.
The big jump for stocks has come at a time when some investors had already seen markets as overpriced. Plus, skeptics see cause for caution with a president who prides himself on unpredictability. That has some favouring bonds or stocks from other countries over the U.S. stock market.
“When we had the election, there was initially shock,” said Darrell Riley, a vice-president at T. Rowe Price who helps set the strategy for how $240 billion in target-date retirement and other mutual funds are invested. “Investors were really shocked, and then we went into this period of euphoria, and now we’re in a state of confusion…
Tax strategies using spousal RRSPs
– moneysense.ca
Generally speaking, income splitting works best for families when two spouses are in different tax brackets. The classic case would be a high-earning female executive with a stay-at-home husband. As we saw in the previous article on pension income splitting, if this woman retires with a lucrative employer pension plan, it would be a no-brainer to split the pension income so half of it is taxed in the lower-taxed hands of the husband.
A similar principal is at work with spousal RRSPs. All those years the high-earning spouse is saving for retirement, the ideal solution would be to get a tax deduction for RRSP contributions but when it comes time to receive the income, to receive it in the hands of the lower-income spouse.
A similar principal is at work with spousal RRSPs. All those years the high-earning spouse is saving for retirement, the ideal solution would be to get a tax deduction for RRSP contributions but when it comes time to receive the income, to receive it in the hands of the lower-income spouse.
The new rules of retirement »
That’s exactly what a spousal RRSP does. The contributor can deduct the amount of the spousal RRSP deposit from his/her (higher) earned income, while the recipient (the husband in our example) owns the investments. The aim is to equalize retirement income of both spouses, and to have the RRSP funds withdrawn by the recipient spouse at his or her lower tax rate…
