Retirement Income Planning
Your RRSP Contribution Limit Calculation Your RRSP contribution limit is the lesser of 18% of earned income in a given year to a maximum defined by CRA. There are several adjustments that may apply to your personal situation. Here is a simple example. Jane Doe has earned income of $50,000 for 2012. Her RRSP deduction […]
TFSA versus RRSP? Don’t Leave it to Chance! [ezcol_1half] Read this article to help you decide…click here [/ezcol_1half] [ezcol_1half_end] [/ezcol_1half_end]
Do you need realistic answers to key retirement questions? [ezcol_1half] Do I have enough money to retire? How long will my money last? When can I retire? How much do I need to save for my retirement? Do I need a life annuity? What is my optimum asset mix? [/ezcol_1half] [ezcol_1half_end] Click here to learn […]
Reduce Stress with a Life Annuity in your Retirement Plan A life annuity is simply a financial product whereby you invest a lump sum of money with an insurance company and in turn they provide a guaranteed income payment for life. Think of it as buying your own personal pension plan. Here is an article […]
Why Business Owners Choose an Individual Pension Plan (IPP) over an RRSP If you are concerned about the growth of your RRSP to fund your retirement, the Individual Pension Plan (IPP) could be as much as 65% larger than an RRSP. If you are an incorporated business owner over age 40 and have T4 income above $132,334 […]