Posts Tagged RRSP
The Importance of Wills as an Estate Planning Tool
By Jag Gandhi, Hon. B.A., M.A., LL.B A Will allows us to express our final wishes and let our loved ones know that we took the time to think about and provide for them after we have gone. Everyone’s situation is unique to their personal circumstances, ...
0 Comment | Posted in Estate Planning,Financial Planning for Business Owners,Life Insurance,Tax Planning
October 02, 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
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
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
Quick RRSP Facts
The RRSP season is upon us once again and it is time to take stock of your income in 2009, your RRSP contribution room and the optimal amount that you need to contribute to your RRSP before the March 1st, 2010 deadline, in order to ...
1 Comment | Posted in Financial Planning for Business Owners,Retirement Planning,RRSP,Savings and Investments,Tax Planning
January 17, 2010
