FYI/Blog Archives - Page 19 of 205 - GIC Wealth Management

CALL US TODAY!

1-866-228-9442

Category: FYI/Blog

RESP: The tax-free account Canadian parents forgot about

Canadians can save more money tax-free than ever before but a new survey suggests only a small majority of parents are taking advantage of Ottawa’s primary vehicle for educational savings.

For questions about RESPs, call us today! We can help set this up for your family.

To read the full article click here.

TFSA, RRIF changes: Prepare to review your savings strategy

The budget introduced changes to both tax-free savings accounts (TFSAs) and registered retirement income funds (RRIFs). Specifically, the contribution limit for TFSAs was increased from $5,500 to $10,000 for 2015 and future years (as an aside, this limit is no longer indexed to inflation as it was in the past). It means you’ll be able to set aside more inside a TFSA over time…

To read the full article click here.

RESP: The tax-free account Canadian parents forgot about

Canadians can save more money tax-free than ever before but a new survey suggests only a small majority of parents are taking advantage of Ottawa’s primary vehicle for educational savings.

For questions about RESPs, call us today! We can help set this up for your family.

To read the full article click here.

Retirees can save money by trimming RRIFs and RRSPs, adding to TFSAs

The federal government says seniors will be prime beneficiaries of a move announced in this week’s budget to boost the annual TFSA ceiling to $10,000 from $5,500. One way to get your fair share if you’re just entering retirement is to start withdrawing money from your registered retirement plans and moving it into a TFSA.

To read the full article article, click here.

5 money secrets to a happy retirement

Once you’ve decided on what you’re going to do in retirement, you need to figure out how much money you need to save to achieve this… In a nutshell, Moss has developed a Thousand Bucks a Month Rule that says you need to save $240,000 for every $1,000 a month you will require in retirement income…

To read the full article click here.


Sidebars