Financial Library

Overlooked RRSP Strategies

Posted on February 10, 2020

There are a number of common RRSP strategies that many of us use on a regular basis. These include making regular monthly deposits, borrowing to make RRSP contributions and making contributions at the beginning of the year instead of the end of the year. Here are some strategies that may get overlooked:

Tags: 
retirement planning

Wealth Transfer Tips

Posted on February 10, 2020

Wealth transfer can be a complex process for most families but especially wealthy ones. The range of issues involved can include family values, objectives and relationships; business continuity; investment strategy and insurance, taxes and ownership structures, amongst others. At the same time questions of control, responsibility and timing are raised.

Tags: 
estate planning

New Year. Fresh Start.

Posted on January 13, 2020

With the holidays behind us, and the credit card bills arriving as testimony to your celebrations, perhaps now is a good time to reflect upon some potential Resolutions for the coming year.

Goal setting is best done when goals resonate with your life plan! You need to be specific about what, when, where and who is involved in achieving the goal. The goal must also have an emotional component to it to motivate you to get the result you want.

Five Common RRSP Mistakes

Posted on January 13, 2020

The following are relatively common mistakes that Canadians make annually when contributing to their Registered Retirement Savings Plans.

1. Reporting RRSP contributions based on a calendar year.

While your taxes are based on a calendar year, the reporting of your RRSP contributions extends 60 days into the New Year. Imagine, for RRSP purposes, that you have your own fiscal year that begins in early March or 60 days after January 1. RRSP receipts for the first 60 days of 2020 should be reported on your 2019 income tax return.

Tags: 
rrsp

The Three Levels of Retirement Resources

Posted on January 13, 2020

A survey conducted by a big bank some years ago* revealed that over 30% of Canadians were hoping for a lottery win to help fund their retirement. This raises the question, "If you were to paint a picture of your retirement, what would it look like?" Many would let dreams take over and envision lots of travel, a vacation home in an exotic location, spoiling their grandchildren, perhaps several year-long world cruises.

Tags: 
retirement planning

Retirement Investing Approaches

Posted on December 9, 2019

After spending likely 15 – 30 years focused on building an investment portfolio, it can be quite a challenge to switch gears when it comes time to withdrawing income from a retirement portfolio. This change leads to new ways of looking at investing as well as re-assessing habits that have been honed over decades.

Many retirees looking to generate income from investment assets often think that they can make withdrawals from their investment portfolio while also continuing to grow the assets over time. This is generally a tough goal to achieve.

Tags: 
retirement planning

Pages

About Us

We serve individuals, families and businesses in the Guelph area.

Our primary goal is to help each client meet their unique financial goals by focusing on five key areas of needs analysis:

We are never satisfied until you are.

Office Address

© Copyright 2024 AdvisorNet. All rights Reserved.