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Category: Retirement Planning

RRSP Deadline is March 1, 2018. How much tax can you save?

January 28, 2018Blog, Family, individuals, Investment, RRSP, taxEric Wachtel

The deadline for contributing to your Registered Retirement Savings Plan (RRSP) for the 2017 tax filing year is March 1, 2018. You generally have 60 days within the new calendar year to make RRSP contributions that can be applied to lowering your taxes for the previous year.

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Supporting adult children takes its toll on boomers’ retirement plans: survey

February 13, 2017Featured Articles, Retirement PlanningEric Wachtel

As baby boomers approach retirement while their children look for financial help, many are feeling the financial strain. A new TD survey found 62 per cent of boomers can’t save enough for retirement because they’re supporting adult children or grandchildren. Those kids,…

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Retirement – Are you Prepared?

January 17, 2017Investing, Retirement PlanningEric Wachtel

Whether you are decades away from retirement or if it is just around the corner, being aware of the planning opportunities will take the fear and uncertainty out of this major life event. Blue sky your retirement plans to get…

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Ease Your Retirement Worries with Immediate Annuities

July 10, 2016- Annuities, Investing, Retirement PlanningEric Wachtel

The majority of Canadians work hard to accumulate a retirement fund and many are averse to exposing savings to unnecessary market risk after they retire. In today’s prolonged low interest rate environment, immediate annuities are often dismissed or overlooked as…

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Canada Pension Plan – Should You Take it Early?

April 11, 2016Retirement PlanningEric Wachtel

The new rules governing CPP were introduced in 2012 and they take full effect in 2016.  The earliest you can take your CPP Pension is age 60, the latest is 70. The standard question regarding CPP remains the same –…

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Budget 2015 Highlights

May 9, 2015Investing, Retirement Planning, Tax Planning, TFSANo commentsEric Wachtel

On April 21, 2015, Finance Minister Joe Oliver tabled his first federal budget.  The provisions of the budget will be of particular interest to owners of small and medium sized businesses, seniors and families with children.  As well, those looking…

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Got an RSP and Turning 71?

December 6, 2014- RRIF, Life Stages, Retirement PlanningNo commentsEric Wachtel

If you have been accumulating wealth in a Registered Savings Plan and are turning 71 this year or next, you should be aware of the decisions you have to make.  The Income Tax Act says that you have to terminate…

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Recent Posts

  • Extended COVID-19 Federal Emergency Benefits
  • Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients
  • Government of Canada to allow up to $400 for home office expenses
  • Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
  • Applications for the new Canada Emergency Rent Subsidy starts today!

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