As the children get older and move out on their own, and your mortgage and other debts are nearly paid off, the need for life insurance capital designed to replace income for dependents decreases.
On July 18, 2017, the federal government and the Department of Finance issued draft legislation changing the tax planning available for private corporations.
In Canada, the government has established the Registered Retirement Savings Plan (RRSP) which allows certain tax benefits for saving for retirement.
Every year we publish legislative and current updates to the Registered Retirement Savings Plan (RRSP).
The CPP may offer a small death benefit but is generally not designed for providing a retirement income, or looking after a surviving spouse as he or she ages.
It is that time of year when you weigh your tax bill against the contributions to an RRSP which can be deducted from your taxable income. This allows you to pay less tax on the money you make, hence leaving more money to invest for retirement.
The Canada Pension Plan (CPP) provides contributors and their families with partial replacement of earnings in the case of retirement, disability or death. Almost all individuals who work in Canada outside Quebec contribute to the CPP. Calculating your CPP while …
Financial products and services address specific needs in your financial plan and help you build a successful business. As an advisor, I have access to a broad range of insurance, investment, employee disability, and group benefits to help meet your …