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Friday, May 13, 2011

On May 18th I will be leading the 'Economics for Success' program for the grade 8 class at Burkevale.

Posted at 11:19 AM

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Wednesday, May 11, 2011

There is a provision to base your RRIF withdrawals on your spouse's age. If you are trying to reduce your taxable income and your spouse is younger than you, then talk to your professional advisor about it.

Posted at 11:39 AM

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Monday, May 9, 2011

Did you know that a Universal Life insurance policy has an investment component to it that acts as a tax shelter?

Posted at 10:20 AM

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Tuesday, April 26, 2011

Are you tired of receiving 0% on the excess cash in your business operating account? We have the solution - a business account that is fully internet and telephone banking accessible that pays 1.5%. Get your cash working smarter!

Posted at 01:42 PM

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Monday, April 25, 2011

Naming beneficiaries on investment plans is a popular strategy for reducing probate fees (also know as estate administration taxes). The only way to be able to do so on non-registered plans (other than RRSP, RRIF, LIF, TFSA) is to invest with an insurance company.

Posted at 01:08 PM

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Thursday, April 21, 2011

We offer great rates on GICs from over 20 organizations, all CDIC insured.

Posted at 09:21 AM

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Wednesday, April 20, 2011

Are you getting a tax refund this year? To really multiply your money, you can use it to pay off debts, make a principal payment on your mortgage, top up RRSP contributions, start or contribute to a TFSA, or start or contribute to an RESP for your children or grandchildren.

Posted at 09:22 AM

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Friday, April 15, 2011

If you have transferred money to an RRSP as a result receiving a severance payment upon loss of your job, check the corresponding RRSP contribution receipts and your T4 closely. We have found one or both of these are issued incorrectly about 50% of the time.

Posted at 02:15 PM

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Thursday, April 14, 2011

Did you know that Tax Free Savings Accounts can be transferred? This is a better option than cashing them out to reinvest elsewhere. That is because withdrawals from a TFSA can only be re-deposited in the following taxation year.

Posted at 11:42 AM

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Tuesday, April 12, 2011

If you filed your income tax return already, you may have received your Notice of Assessment back. It's quite likely that the TFSA contribution room reported on your Notice of Assessment is incorrect. You are best to check with the financial institution that holds your TFSA to ensure you do not overcontribute. The penalties are significant.

Posted at 09:44 AM