As sure as the snow will inevitably melt away in the spring, so will a portion of our income as it is paid to the Canada Revenue Agency. Many employed people will have overpaid their income taxes in the course of the year and are...
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Employed: Defined Contribution Registered Pension Plan Let’s suppose the following scenario: You are in your mid-40s and have worked for one employer for the entirety of your working career. Throughout, your employer had provided its employees a defined contribution registered pension plan which was based on...
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More Choice Is Not Always Better In liberal societies, the usual understanding is that the more choice we have the better. Freedom is about having the ability to choose. Instead, however, what we often find is what is termed “analysis paralysis.” We are given so many...
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Using a Screener Mutual funds play a dominant role in Canadians’ investing lives. Even for the self-directed investor, that is, someone who does not have an investment advisor recommending particular investments and who could therefore choose to invest in individual stocks, mutual funds continue to be...
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Insurance and Risk Management – Part 7 What? There is a risk in living too long? Imagine you are 65 years old. You have been reasonably diligent in saving for retirement. Now is the time to cash in. You are about to start receiving your Canada Pension...
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An Introduction to Registered Plans – Part 2 You’ve saved up all that money in your RRSP. Now what? The Registered Retirement Savings Plans, intended to encourage saving for retirement, was introduced by the Government of Canada in 1957. If you have saved inside an RRSP, eventually you...
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