Several years ago you started to seriously assess your sources of income in retirement. You identified your guaranteed government benefits of CPP & OAS, plus rrsp, tfsa and non - registered investments...
The average tax rate, also known as the effective tax rate, is not the same as the marginal tax rate. The average tax rate is calculated as total taxes paid divided by total taxable income. Your marginal...
Old Age Security or OAS is a government benefit the majority of Canadians will be entitled to once they attain the minimum age of 65. Canadians do not contribute to OAS as they do in the case of the Canada...
Following are the annual Tax Free Savings Account contribution limits by year up to and including 2019. 2009 - $ 5,000 2010 - $ 5,000 2011 - $ 5,000 2012 - $ 5,000 2013 - $ 5,500 2014 - ...
The investment industry’s initiative, known as Client Relationship Model 2 (CRM2) requires investment dealers such as Manulife Securities Incorporated to disclose the dollar value of fees and/or commissions an investor pays when purchasing mutual funds. Required reporting of this nature began December 31, 2016.
The rrsp contribution limit for the 2018 income tax year is $26,230, or 18% of your 2017 "earned income", whichever is less. The deadline for contributions is the first 60 days of the 2019. Contributions...
Years ago, when I was just 15 years old, a wise older man shared with me a lesson that was truly amazing to me. He called it The Rule of 72. He explained to me that if you took the number 72 and divided...
The province of British Columbia has recently introduced a new $1,200 benefit to encourage families to start planning and save early for their children’s post-secondary education. The B.C. Government...
Let us start off with the premise there are three primary asset classes, stocks (equities), bonds and cash. Hard assets such as real estate are also prominent today. In a typical mutual fund, the fund...