Market Update for April 2021
April was another strong month for equity markets, while fixed income had a flat month.
Should You Share Your CPP Retirement Pension?
Many Canadians approaching retirement wonder if they should share their CPP retirement pensions. While this may be advantageous for some, it’s not always the best choice for all. First and foremost, in order to be eligible to share your CPP pensions, you must currently be married or in a common law relationship. Single individuals, as well as those who were […]
Market Update for March 2021
March was another strong month for equity markets, while fixed income continued to struggle.
What Happens to Your RRSP at Age 71?
In the past, most Canadians relied heavily on employer pension plans and government pension plans to provide a source of income in retirement. These days, many employers no longer offer pension plans, and individuals frequently change careers and employers. As such, the Registered Retirement Savings Plan, or RRSP, has become one of the most common retirement savings plans in Canada. […]
Self-Employment: What about CPP and EI?
There are many issues to consider when contemplating the decision to become self-employed. Your access to government programs, including Canada Pension Plan (CPP) and Employment Insurance (EI), are important considerations for anyone moving to a self-employment structure. Let’s take a quick look at both CPP and EI, and highlight the key differences for employees and self-employed individuals. Canada Pension Plan […]
Market Update for February 2021
February was a strong month for equity markets, much stronger than usual for that month of the year. Fixed income on the other hand, was down almost across the board.
Market Update for January 2021
After equity markets finished December strongly, they took a breather in January. Bond markets didn’t do much better.
Tax Trap! Avoid the Superficial Loss Rules
In our last post, we discussed in-kind contributions. Many investors, who are otherwise unable to make a TFSA and RRSP contributions, may be able to contribute existing non-registered investments to their RRSP accounts, thereby getting a tax deduction in the process. However, it’s important to be careful of a couple of potential tax traps when making in-kind contributions – superficial […]
