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Year-End Tax Planning |
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If you're like many people, you're probably waiting until April to start thinking about your taxes. However, by the time taxes are due, it's usually too late to
realize tax-saving opportunities.
Now is the time to determine if there are any tax breaks you can take advantage of by acting before the end of the year. With this in mind, there are a number of
tax-related questions and issues that we may need to discuss soon in order for you to get the most out of this tax year. For example:
Are you giving to charity? Two years ago, the Conservative government eliminated tax on "in-kind" donations of...
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Submit a question or Book an appointment |
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Cooler heads will prevail
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The newspaper headlines read: "Roller coaster stock markets
have investors feeling queasy" (The Globe and Mail; "The stock
market crash: History repeating itself?" (The Calgary Herald);
"Uncertainty continues to pummel stock markets" (Sudbury Star);
"The next market boom may be a lifetime away" (Financial Times).
Interestingly enough, these headlines are from November 2002.
One year later, the S&P/TSX Equity Index was up 20.8%; and two
years later had soared by 40.7%.
It's important at times like this not to fall for the sensational headlines. Consider that the September 30, 2008 edition of the Edmonton Journal had a front page story, above the fold, titled "Biggest market drop since 1987." The article was...
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When should I start receiving CPP?
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The rules for the Canada Pension Plan allow you to start receiving retirement benefits as early as age 60 instead of waiting until age 65. You can also choose to wait until age 70. You lose one half of one percent of the age 65 pension for each month you start before your 65th birthday, or gain it for each month it is delayed.
If you apply on your 60th birthday, you'll get 70% of the age 65 monthly pension. But, if you wait until you're 70, you'll get 130%. Should you hold out for the higher income, or start early?
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Web Resources |
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Worth a Look |
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Just For Fun |
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Tell a Friend |
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“Friendship is born at that moment when one person says to another,
'What! You too? I thought I was the only one.”
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C.S. Lewis
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Commissions, trailing commissions, management fees and expenses all
may be associated with segregated fund investments. While the
principal amount of a segregated fund investment may be
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus of the segregated
funds in which you invest. The information in this email
newsletter is general information only and is not intended to
constitute specific legal, accounting, financial or tax advice for
any individual.
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