Posts Tagged Retirement Planning
Changes in Individual Pension Plans (IPPs)
The 2011 budget proposed that starting in 2012, the IPP will be required to pay out an amount equal tothe greater of the regular pension amount payable, and the minimum payment that would have beenrequired if the IPP were a RRIF once a plan member ...
0 Comment | Posted in Financial Planning for Business Owners,Retirement Planning,Tax Planning
July 08, 2011
CPP Changes in 2011 and their Impact on your Retirement Planning
. Starting January 2011 the rules that apply to Canada Pension Plan (CPP) have changed. Since the CPP is a component of retirement income for all Canadians it is important that you are aware of the changes and consider them in your retirement ...
0 Comment | Posted in Financial Planning for Business Owners,Retirement Planning,Tax Planning,Uncategorized
June 03, 2011
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
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
