Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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7 simple differences between RRSPs and TFSAs + MORE Mar 18th
Registered Retirement Savings Plans (RRSPs) and Tax Free Savings Accounts (TFSAs) are the go-to products for Canadians who are serious about socking away some money for the future, whether it’s for retirement or for a big purchase, like a house. While the two products are similar in many ways,.... More »
UFC Notebook: Cormier undecided on retirement after loss - TSN Aug 18th
UFC Notebook: Cormier undecided on retirement after loss TSNLeading up to UFC 231, Daniel Cormier acknowledged that facing Stipe Miocic in a rematch for the UFC heavyweight title was a high risk proposition. With the ...View full coverage on Google News.... More »
Strategies to make taxable investing easier + MORE Feb 3rd
In Episode 4 of the Canadian Couch Potato podcast, I answered the following question from a listener named Jakob:
I’m currently investing with all my ETFs in RRSP and TFSA accounts. This year, however, I’ll finish paying off my mortgage, so I will have more surplus cash and will have to start us.... More »
Most Canadians don’t understand the CPP + MORE Jan 27th
OTTAWA – Internal evaluations of the Canada Pension Plan show the retirement system is poorly understood by most of the public — a problem retiree Evan Brett avoided only through luck and meticulous record keeping.
The 76-year-old realtor and his wife Latifah dove into their files at their Langl.... More »
Is it the right time to buy a house? Yes. If you have answers + MORE Jul 8th
Housing market is tough to get into—prices are high, but interest rates are low, so how do you know if it’s the right time to buy?
The practical answer has little to do with mortgage rates or housing prices and everything to do with with where you see yourself in five to 10 years. Do you expe.... More »
Mexican police arrest one man, seek another in killing of Canadian couple – The Globe and Mail
– news.google.ca
CTV NewsMexican police arrest one man, seek another in killing of Canadian coupleThe Globe and MailOne man is under arrest and another is being sought by police in connection with the grisly slaying of two Canadian seniors at a popular retirement spot in Mexico. Jalisco state Attorney-General Luis Najera says the man under arrest is the brother of a …Arrest made in Canadian couple's murder in MexicoToronto StarMexico police arrest suspect in slaying of Canadian coupleOttawa CitizenArrest made in Mexico slaying of Canadian coupleCANOE680 News -CTV Newsall 12 news articles »
What it costs to take money out of an RRSP
– thestar.com
At this time of year, everyone wants you to put money into an RRSP. Here’s how to minimize the tax bite when you take it out.How to Make the Most of Your RRSPs for the 2013 Tax Year
– rhondasherwood.com
Registered Retirement Savings Plans (RRSPs) are an important part of your overall financial plan. They allow you to invest funds that will grow on a tax-free basis until they are withdrawn. To get the most out of your RRSPs, you need to understand how they will benefit you.RRSP Do’s and Don’ts for 2013
DO Maximize Your Contribution Annually
For 2013, the maximum amount you can contribute to your RRSP is 18 percent of your earned income or $23,820, whichever is less minus your pension adjustment plus your past unused contribution room. By contributing the maximum amount each year, you will have a higher amount of savings in your plan, more money in retirement and potentially a good size tax rebate.
DO Take Advantage Unused Room from Past Years
If you have not made your maximum contribution to your RRSP in past years, you have the ability to make up for it. Revenue Canada tracks your unused room on your annual Notice of Assessment and includes the amount in your allowable RRSP contribution room for the given year…
