The New Kid on the Block…the Variable Annuity! The variable annuity of commonly referred to as a GMWB is on the horizon. In June 2006, I attended the Morningstar Investment Conference, which focused on “Retirement Income Planning”. One well-known speaker, Moshe Milevsky, introduced the concept in retirement planning of not just how to generate retirement […]
I had a great question from a client who recently asked “When I convert my RRSP to a RRIF, how much money must I withdraw each year?”. That’s a great question, so I thought I would explain RRSP and RRIF withdrawals and the basic rules. You can make a withdrawal for any amount, up to […]
RRSP Deadline for Your 2018 Tax Return Quite simply, the “RRSP Deadline” is the last day this year that you can make a contribution to your Registered Retirement Savings Plan (RRSP) but claim the tax credit on the previous year’s taxes. The RRSP deadline for the 2018 tax year is March 1, 2019. But do you have unused RRSP contribution […]
If you watch a financial news channel, you might hear the return of common indices like the Dow, S&P 500 or TSX60. These indices are meant to give you a snapshot of how the general stock market is performing over the day, month or longer timeframe. It’s difficult to compare a return on a portfolio […]
Warren Buffett is touted as one of the world’s greatest investors. Obviously he has a much larger portfolio value than any of us, but how is his portfolio structured as compared to a Canadian Retail Investor? Is his risk tolerance likely higher than a Canadian retail investor? The Canadian Retail Investor The typical retail investor, […]
Ontario releases New Modelling data on COVID-19, says “cases appear to have peaked” Ontario health officials say the wave of new community spread cases of COVID-19 in the province appears to have peaked, but the spread in long-term care homes and other congregate settings seems to be growing. Read more… Auto Insurance Rebates Due to […]
Realized Versus Unrealized Capital Gains in Non-Registered Accounts Around tax time, I am often asked why there is a capital gain (or loss) on an account when the investor did not make a withdrawal during the calendar year. This article will hopefully better educate you on why this can occur. Specifically this covers “non-registered” accounts […]
Just an update that I am still working at home as normal but ceased any client or supplier meetings since March 11th. The financial companies and professionals I work with also continue to work “remotely” as the pandemic continues. You may call anytime to discuss whatever is on your mind, financial or whatever. My advice […]