It’s that time of the year again and the question remains…”am I better off investing in my Registered Retirement Savings Plan (RRSP) or my Tax Free Savings Account (TFSA)”? Here are a few important elements to consider when faced with the choice: First consider your marginal tax bracket. Investments made in your RRSP are tax...Read More
When people move out of their home, it is usually after they have tried remaining at home – at times with assisted living care – and have reached a point where this solution no longer works. In some cases, home care lasts only for a limited time due to changes in the senior’s health condition...Read More
Many seniors and others in need do not feel ready to leave their home for an institutional setting but do need support to remain at home. Trying to follow their wishes and choose the least restrictive approach first is advisable. However, family members must be realistic about their loved ones’ abilities and should assess their...Read More
Important Dates in 2019 March 1: Deadline for 2018 RRSP contributions April 30: Individual Filing Income Tax Returns & Instalments June 17: Self-employed individual Filing Income Tax Returns & Instalments November 30: Year-End Planning December 27: Last day for 2019 tax loss selling December 31: Year-End Planning Deceased—Final Tax Return: Death Between January 1 and...Read More
At all stages leading up to retirement—from decades to years to mere months before—we may worry if we are going to be able to retire comfortably. Some of us may worry we will not be able to support our lifestyle goals. Others may worry about outliving savings and running out of money. Starting to plan...Read More
Statistics Canada says the average age of retirement climbed to 63 in 2015. You might want to buy yourself the freedom to stop working — or at least quit your current career — at 58, 55 or even earlier! There are many aspects to early retirement – where to live, lifestyle, hobbies, health but a lot...Read More
Those who are not yet retired can only imagine what life will be like after work. The vision of carefree days, with no boss or alarm clock, is very clear for some—they see themselves traveling around the world, writing the great American novel, or relaxing with family. Others just hold a vague notion that life...Read More
The Census Program provides a statistical portrait of the country every five years. The 2016 Census Program shows population growth (2011-2016) of +5%. Over the last 15 years the population in Canada grew the most among the G7 countries. Population growth was high especially in municipalities within census metropolitan areas (CMAs), while population decrease was observed...Read More
What a statement! “Living well after retirement”. Brings a smile to my face. Obviously we all live well after retirement, don’t we? Or do we? Everyone waits for that special day, looking forward to the days of no work obligations, or do we? Keep in mind that a lot of us enjoy getting up in...Read More
