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 […]
How much capital do Canadians think they’ll need to retire? On January 13th, 2019 RBC published the results of their 2019 RBC Financial Independence in Retirement Poll. What was the National Average for Private Savings? The study found that the average Canadian felt they needed $787,000 in “private savings” to be able to retire. Private savings […]
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 […]
Consider Empire Life Class Plus 3.0 for Guaranteed Lifetime Income in Retirement It may be worth considering Empire Life Class Plus 3.0 for Guaranteed Lifetime Income in Retirement. This product may be suitable for both pre-retirees who plan to retire within the next 20 years as well as those already retired. If you want more guaranteed income than […]
RRSP Deadline for 2017 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 2017 tax year is March 1, 2018. But do you have unused RRSP contribution room? […]