Savings and Investments
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
Top Ten Reasons You Should Own a Tax Free Savings Account
- If you have maximized your RRSP contributions, the TFSA gives you another way to shelter $5000 per year of your investments from taxes. - TFSAs can be a great place to hold emergency funds as you can hold short-term interest bearing instruments in a tax-sheltered environment ...
7 Comments | Posted in Financial Planning for Business Owners,Savings and Investments,Tax Planning
August 04, 2010
Closing the Loophole on Interest on Overpaid Taxes
If you have been looking for short-term liquid savings options for the cash in your corporate account lately you would know that the current interest rates are at historically low levels. The government has been paying interest on outstanding corporate taxpayer balances each quarter at ...
21 Comments | Posted in Financial Planning for Business Owners,Savings and Investments,Tax Planning,Uncategorized
May 16, 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
Save Tax by Purchasing Flow-through Limited Partnership Units
Although flow-through limited partnerships are not suitable for all investors, they can be used to defer tax payable in the year of a capital gain. Because flow through shares provide deductions against taxable income (typically within the first two years of purchase), the deductions ...
24 Comments | Posted in Financial Planning for Business Owners,Flow-Through Limited Partnerships,Savings and Investments,Tax Planning
February 21, 2010
