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 […]
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 […]
In September 2020, I began a quarterly report on “Annuities”. In a nutshell, I’ll show the change in annuity payments over time, when all other parameters are held constant. Since I began reporting, interest rates have increased slightly, and so did annuity payouts. Methodology Every three months, I update the default annuity quote (using the Cannex […]
In September 2020, I began a quarterly report on “Annuities”. The original article can be found by clicking on this link. Methodology Every three months, I update the default annuity quote (using the Cannex system). The default client is as follows. 65 year old male invests in a “life annuity” using $100,000 from an RRSP […]