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Health Care Coverage and Costs in Retirement |
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Mar 2010 Health care coverage and costs should be an important consideration in your retirement planning. You need to have an idea of what coverage you will need and the associated costs, and then plan accordingly. [more]
Submitted by: Teena Dawson
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Estate Planning ... Taking Care of Your Heirs? |
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Jul/Aug 2009 It's a fact of life that none of us are going to live forever. Most of us welcome the peace of mind of knowing that our loved ones will be taken care of according to our wishes after we are gone. [more]
Submitted by: Teena Dawson
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Tax-Free Savings Accounts versus Registered Retirement Savings Plans |
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May 2009 In January 2009, the federal government created an additional tax-effective vehicle for Canadians to save called the Tax-Free Savings Account (TFSA). This registered savings account is available to all Canadian residents age 18 and over from all income levels. [more]
Submitted by: Teena Dawson
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Boosting Retirement Savings May 2007 It's not unusual for people who are approaching retirement age to assess how they're doing financially and then PANIC! It's easy to get depressed when you look at the forecasts for what you'll need to live comfortably. Advisors have rules of thumbs which sound perfectly reasonable - you'll need approximately 70% of your income prior to retirement - but which seem completely unachievable when you take your current income and savings into account. The magical "million" which is often tossed around may seem ludicrously huge if, like most Canadians, you've lived most of your life working hard to make ends meet. [more] |
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| Tax Solutions Comprehensive |
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Income-splitting to reduce your tax bite |
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A partnership of equals - except when it comes to taxation and investing. April 2008 Most of us would agree a spousal relationship works best when it's a partnership of equals - except when it comes to taxation and investing. When one spouse earns more than the other, it opens up new potential for reducing taxes and increasing your after-tax investment income through the application of a few simple income-splitting strategies. And that is especially true right now thanks to the current 'and very low' government prescribed interest rate on taxable benefits. Here's how you can benefit from splitting income with your spouse. [more]
Submitted by: Louise Diotte
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Retirement Planning, Just Get Started May 2007 I've been yacking on about RRSPs for years. I'm absolutely passionate about them. I figure, if the government is going to give us such a huge incentive to save for the future with no downside, then we'd be fools not to take advantage of it. Yet, every year, millions of Canadians fail to sock away money in an RRSP. Is it I or they that just don't get it? [more] |
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