As we grow older in life we start to pay a little more attention to our financial future in regards to what pensions we will be able to rely on as source of income. Most Canadians are aware of the Canada Pension Plan (CPP) and the Old Age Pension. Often though it is…
It really is nice to think about retirement and looking forward to doing all the things that you have not had time for. It is also nice to think to think that you will no longer be paying a huge chunk of your wages to the tax department any longer. What many people don’t realize is…
Many people look forward to the day when they can collect their pensions that they have spent years contributing to. Some individuals have private as well as government pension plans that they are entitled to. From the government many retirees expect to receive both the Canada Pension Plan as well as the Old Age Pension.…
Now that the 2012 tax year is over and you have already received your refund or paid your balance owing, you may ask yourself when is a good time to contribute the RRSP account? Typically most people make their contributions in the first 60 days of the following year. So you might be waiting until…
Unfortunately many Canadian seniors really don’t have a lot of income that really creates the need for using a Toronto Accountant. There are those seniors however or even some early retired “baby boomers” who made investments throughout their working years and now really need some help with their tax planning now they are retired. What…
