Retirement Income Planning
The Registered Retirement Savings Plan (RRSP) is an investment plan used by Canadians to save for retirement. Contributions are tax deductible for tax purposes, however there is a limit. The contribution rate is 18% of earned income up to a $31,560 which equates to an earned income of $175,333.33. This amount is reduced if you […]
As of June 2024, the annual change in the CPI was 2.7%. This article explains what the CPI is and what it means for Canadian consumers. What is the CPI? The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. It measures price change by comparing, through time, the cost of […]
There are items in the recent Federal Budget that may be important to you, your family and your business. Here’s a 2024 Canadian Federal Budget handy tip sheet to help you manage your finances from Empire Life. Read here or download a copy using the link 2024 Canadian Federal Budget.
As I review client portfolios past performance over the last several years, I think we are at a point whereby an overview of the relationships between inflation, interest rates, bonds and GICs are due. Much of the analysis will be based upon the following article, “UPDATED: A timeline of Bank of Canada rate hikes.” Beginning […]
The Registered Retirement Savings Plan (RRSP) is an investment plan used by Canadians to save for retirement. Contributions are tax deductible for tax purposes, however there is a limit. The contribution rate is 18% of earned income up to a $31,560 which equates to an earned income of 175,333.33. This amount is reduced if you […]