Not sure how to make a retirement plan? Read on…
Latest News
CPP Fund grows to $366.6B at end of June Aug 11th
Canada Pension Plan Investment Board says its main fund grew to $366.6 billion of net assets at the end of June, up $10.5 billion from the end of March..... More »
They’re poised for retirement, but don’t know when that will be + MORE Apr 7th
Hank and Hennie plan to sell their city home and move to a less expensive town when they retire. Ideally they'd like to hang up their hats at the same time, but how feasible is that?
.... More »
Stock news: Dividend hikes, earnings results, and what moved Canadian stocks this week + MORE Feb 7th
Here’s a round-up of news for Canadian investors this week.
Suncor
ATS
Brookfield
Thomson Reuters
BCE
Canada Goose
Featured RRSP Accounts
featured
EQ Bank
Build your r.... More »
Are Canadian pension buybacks worth it? Jul 20th
Ask MoneySense
I am currently transferring my pension from a provincial to a federal government pension plan. I’m trying to determine if it is worth purchasing the balance of service and, if so, should I use my RRSP or TFSA funds. Here’s some relevant info:
Service Credited: 7 years, 140 days.... More »
Should we draw down my spouse’s RRIF faster? May 30th
Ask MoneySense
My wife is currently drawing $24,000 per year from her RRIF, which has a balance of $510,000. She is also receiving OAS, CPP and a work pension of $22,000. She is 67.
My question is if it would be prudent to start making larger withdrawals to try and reduce the tax that the estate .... More »
How helping the kids with a down payment affects you
– moneysense.ca
OTTAWA – Helping your children with a down payment on their first home may be tempting, but financial advisers say to be sure to fully grasp how it will affect your own retirement planning before cutting a cheque.
Kristine Skinner, financial adviser with BlueShore Financial in West Vancouver, B.C., says before deciding to help, parents need to understand how it will affect their own net worth and overall financial plan.
“I would love to see both the parent and the child in my office so that they both understand the implications and expectations for every scenario,” Skinner says.
“With the parent and the child being in here, we can go over different considerations of the complexity of what they are planning on doing and any of the risks associated with the purchase.”
Saving 20% to buy a house? It’ll take you 12 years »
A survey by the Bank of Montreal earlier this year found that 65 per cent of millennials said that they would rely, to some extent, on parents or other family members for financial assistance for as much as 10 per cent of the purchase price of their first home…
Kristine Skinner, financial adviser with BlueShore Financial in West Vancouver, B.C., says before deciding to help, parents need to understand how it will affect their own net worth and overall financial plan.
“I would love to see both the parent and the child in my office so that they both understand the implications and expectations for every scenario,” Skinner says.
“With the parent and the child being in here, we can go over different considerations of the complexity of what they are planning on doing and any of the risks associated with the purchase.”
Saving 20% to buy a house? It’ll take you 12 years »
A survey by the Bank of Montreal earlier this year found that 65 per cent of millennials said that they would rely, to some extent, on parents or other family members for financial assistance for as much as 10 per cent of the purchase price of their first home…
From one office and 164 employees 10 years ago, the CPP investment board has 1,266 people in seven global offices. Is the cost worth it?
