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Pension Income Splitting
How much tax did you save this year?
Change is good...if you take advantage! Over the past year, the federal government has made several major changes that will help retirees save tax: the Age Tax Credit has been increased, the Pension...
Retirees Winning the Battle for Lower Taxes
Retirees Winning the Battle for Lower Taxes Canada Retirement Information Centre Will Help Retirees Save More Than $1-Million in Tax by April 30th Ottawa, March 25, 2008 – Income Tax Season is in...
Pension Income Splitting Update
- Legislation Passed June 22, 2007
Government Improves Tax Position of Canadian Pensioners Among all of the doom and gloom of the recent income trust announcement, a positive news story for Canadians over 65 was ignored. While...
Investment Wise
How will you handle a financial emergency?
How will you handle a financial emergency? During an intense rainstorm, water flooded in the windows of Doug and Linda's basement. They were kept out of their home for several weeks while work crews...
How to create your own equity linked GIC
LIFE LETTER 2005.06 How to create your own equity linked GIC Andy and Sarah like the idea of an equity linked GIC for some of their investments. This type of GIC guarantees the return of their initial...
How to protect yourself on the Internet
The Internet gained tremendous popularity starting in the early 1990s. At one point, new user numbers were growing exponentially each year. Today, the fastest growing group of new Internet users is...
How's your net worth?
How's your net worth? His banker asked Trent what his net worth was for a loan he was applying for. He had trouble answering the question right away. What is Net Worth? Quite simply, net worth...
How Will I Pay For Long Term Care?
Kathleen is concerned about the spiraling costs, and often limited availability, of long-term care facilities. She because aware first-hand of these costs as her mother and an uncle had lived in nursing...
Everyone Needs An Estate Plan
Ralph became concerned about what would happen to his hard earned estate after seeing what had happened to some of the people he knew. Vivian had remarried and chose to cut costs by using a do-it-yourself...
Who Do You Know?
Gary received an e-mail from a long-time friend. It was not good news. He had just been diagnosed with cancer of the adrenal gland and spots had been found on his liver. Surgery was to be performed within...
How Safe Is Your Money?
George and Grace work hard for their money. When making RRSP and other deposits, they are concerned not so much about the return on their money as they are the return of their money. While the potential...
Tax Tips
Reducing Taxes at Source
Tax Facts Reducing Taxes at Source Did you know that reducing taxes deducted at source keeps more money in your pockets? Here is an article that you can give to your clients that explains how...
STRESS and TAXES
Stress and Taxes By Evelyn Jacks Taxpayers are often called upon to make significant long-term decisions about large amounts of money during the most stressful times in their lives. It is not unusual,...
How to pay less tax on your RRSP income
How to pay less tax on your RRSP income Dick and Jane are employees at different companies. He is a member of a pension plan at his work but she isn't. Dick had learned that business owners often...
Making your Investments “Tax Efficient”
There are two certainties in life—death and taxes. The dreaded “T” word evokes memories of frantically trying to make sense of numerous tax receipts. Even Albert Einstein said, “The hardest thing in the...
Tax Tips
Keep your tax records for 7 years. If you are audited, CCRA can back-review your personal income tax returns for three years, or more. Without documentation (as far back as seven years may be...
RRSPs and RRIFs
How to get income out of your RRSPs
How to get income out of your RRSPs Roger and Linda, like many Canadians, have saved for years for their retirement. They took advantage of RRSPs and now have a substantial amount of savings. As...
How to Protect your RRSPs and RRIFs from the Taxman
It’s the best kept secret in estate planning. A secret the government doesn’t want you to know about. Many Canadians have used Registered Retirement Savings Plans (RRSPs) and Registered Retirement...
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Segregated Funds - GIFs
Guaranteed Investment Funds (Segregated Funds)
- Fact Sheet
Guaranteed Investment Funds (Segregated Funds) offer very distinct advantages over Mutual Funds. At Canada Retirement we know that you have worked very hard for your money and that market volatility...
Protecting Your Interests - The Role of Segregated Funds
Protecting Your Interests - The Role of Segregated Funds Segregated funds are individual variable insurance contracts and may qualify for protection against the claims of creditors under provincial...
There's Safety in Segregated Funds
There's Safety in Segregated Funds The features and benefits of segregated funds and how they fit in your retirement plan. Segregated funds (seg funds) are the common name given to individual variable...
Estate Planning
A 'Family Conversation' on Estate Planning Can Strengthen Ties Between Boomers and Their Parents
Research from The Hartford Shows Older Parents Open to 'The Talk' About Money and Put Children First SIMSBURY, Conn., Sept. 19 /PRNewswire-FirstCall/ -- Defying a long-held taboo, parents in their...
Life insurance coverage must evolve with lifestyle changes
Life insurance coverage must evolve with lifestyle changes Life insurance is an important part of financial health, and there are certain situations in life in which the amount of coverage may need...
Keeping the Cottage in the Family
Estate Planning Keeping the Cottage in the Family With proper care and planning, your clients can keep the property within your family for the next generation without creating a significant tax...
Moving Forward (Death of a Spouse)
Estate Planning Moving Forward (Death of a Spouse) The loss of a spouse is a very emotional and stressful time in your clients’ lives. And with this loss comes the need for the surviving spouse...
My group insurance will look after me, won't it?
LIFE LETTER 2005.09 Sally has been working for the same company for over twenty years. About a year ago, she was given a new group benefits booklet because her employer had switched insurance companies....
Protecting What Is Yours
Tax Facts Protecting What Is Yours An overview on Probate. Considerations for you and your family Probate refers to the process of applying to the courts to have a Will confirmed as the last...
Why You Should Have a Will!
Estate Planning Why You Should Have a Will! Whatever the reason, making a Will is part of good, financial housekeeping. Whether your clients have recently updated their Wills, or are in the process...
Winding Up An Estate
Estate Planning Winding Up An Estate Whether your clients have been named as executors or are in the process of appointing an executor(s) for their own estates, this article will help unravel...
How to benefit from being charitable
How to benefit from being charitable "Nothing lives in the Dead Sea. It cannot support any life because rivers and streams only run into it, not out. The Dead Sea only takes, it does not give." Charities...
General Information
"Mini-Budget" October 30, 2007
On October 30, the federal government presented a "mini-budget," which outlined a number of initiatives designed to create tax savings for Canadians. Tax cuts were the main thrust of Finance Minister...
How to beat soaring energy costs
LIFE LETTER 2005.10 How to beat soaring energy costs With the price of a barrel of oil double what it was just eighteen months ago and natural gas costing twice as much as a year ago, most people...
Is a reverse mortgage the way to go?
Is a reverse mortgage the way to go? Ralph and Louise have seen the TV commercials featuring Gordon Pape, the financial author, as the spokesman for Canadian Home Income Plan Corp. (CHIP) reverse...
PROTECT YOURSELF!! What to do when you hire a contractor
PROTECT YOURSELF!! What to do when you hire a contractor When a contractor works on your home, you need to be protected from a number of risks. These risks exist whether you are hiring someone for...
September 2008 - Market Commentary
Signature Global Advisors Chief Investment Officer Eric Bushell Conference call summery – September 16, 2008 How did we get here? - From 2001-2007, following the bursting of...
Planning for Retirement
Planning for Retirement If your plan is to build a house, your need a blueprint and materials. The same is true for your financial plan. Building your financial plan - Your financial plan is unique...
The 7 habits of highly effective retirees
The 7 habits of highly effective retirees BY JONATHAN CLEMENTS / The Wall Street Journal 09/05/2005You've waited 40 years for this. Try to enjoy it. After four decades in the work force, the oldest...
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