For a 65-year-old male (born in 1957), $100,000 in a single life annuity nets between $551 and $571 per month, depending on the supplier; $250,000 generates between $1,399 and $1,461 a month. For a...
A donation given to a registered charity in Canada can be claimed as a charitable donation on your tax return. The Donation Tax Credit available after the first $200 of annual donations is effectively the top marginal tax rate in a given Province or Territory.
Managing your money wisely is essential for a balanced, happy life. Financial stress resulting from poor money management skills can affect our capacity to make good decisions, harm our relationships, affect physical and mental...
A living will is a legal document granting another person the right to cease treatment in the event a person becomes unable to live, eat, and function without the aid of machines or medical...
Understanding the difference between a tax deductions and a tax credits will help you to apply strategies and use financial tools to help reduce the taxes you pay on your retirement income. Tax Deductions...
How much should I invest in an annuity? The amount of money that you invest in it will depend largely on your capability to pay the premiums offered by the insurance company. Things to...
Being self-employed means more than just having a good idea and the drive to make it happen. You also have to balance the books and fulfill your tax obligations with the Canada Revenue Agency...
What To Consider When Preparing For Retirement Many people look forward to their retirement days when they can enjoy the pleasures of retired life. But they have not yet realized the importance of planning...
How much should you save for retirement in Ottawa? Many of you are probably wondering how much you should save. Maybe $500,000? Maybe $1,000,000? Maybe more? To be completely honest, I really don’t know....
The Rule of 72 The last time you reviewed your retirement account did you happen to notice your rate of return? Your online brokerage account will usually specify this in three different ways:...
