Retirement Planning
RRSP Contributions – Facts & Figures
With the March 1st deadline for RRSP contributions for 2010 looming, here are some facts and figures to help you organize and ensure that you reap the maximum benefits from your RRSP contributions: The maximum RRSP contribution limit for 2010 is the lower of 18% of ...
0 Comment | Posted in Retirement Planning,RRSP,Tax Planning
February 25, 2011
Good Time to Die if you have Assets in the US
If you were always worried about paying estate taxes on your U.S. assets, 2010 represents a rare opportunity as no U.S. estate taxes will apply to the estates of those who die in 2010. This is due to the fact that the U.S. congress progressively reduced ...
6 Comments | Posted in Estate Planning,Life Insurance,Retirement Planning,Tax Planning
December 06, 2010
10 Reasons Why You Should Stay the Course
There was certainly no dearth of bad news in the markets and around the world in May of this year which helped make this month one of the worst months in recent market history. The Greek debt crisis, demise of the euro, the BP ...
33 Comments | Posted in Financial Planning for Business Owners,Retirement Planning,Savings and Investments,Stocks
September 22, 2010
Changes to the Rules for Ontario Locked-In Accounts
On June 19, 2009, numerous important changes were made to the rules governing locked-in accounts. Locked-in accounts include Locked-In Retirement Accounts (LIRAs), Old Life Income Funds (Old LIFs), New Life Income Funds (New LIFs) and Locked-In Retirement Income Funds (LRIFS). The following points ...
1 Comment | Posted in Financial Planning for Business Owners,Retirement Planning,RRIF,RRSP,Savings and Investments,Tax Planning
April 04, 2010
End Pension Discrimination for Business Owners with an RCA
If you are an executive working for a large Canadian company, most likely you have a generous pension plan that funds your retirement based on a formula that allows you to have an income equivalent to 70% of your final average earnings. If you are a ...
98 Comments | Posted in Financial Planning for Business Owners,IPP,Retirement Planning,RRSP,Tax Planning
March 07, 2010
