Financial Planning

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The Honorable John Wilkinson, Minister for Revenue and the first CFP professional to the Ontario Legislature voted, talks about the importance of financial planning for Canadians. From the first. . .

I’m in Canada. Some people have been telling me to put my money in an RRSP, so that I don’t have to pay a lot of taxes, and then take it all out of the RRSP when I go to school. How much should I put and is this even true? Please help.

UBS Wealth Management Canada, president and CEO, Grant Rasmussen, discusses 20 questions that every investor should ask themselves with their financial advisers. Do not forget to ask about the custody, accountants, fe. . .

Part 2 of the Welcome and opening of the first address for Financial Planning "Vision 2020" symposium in Canada.

I am in the process of settling my divorce. I have just recently purchased a house and now have a fairly substantial mortgage. I am hoping to retire in 5 years. The money that I was hoping to get from the settlement is a little less than I was hoping for but figured I could swing it anyways. However , I have just now been informed that I will not be getting cash (as I had hoped) but will be getting my ex’s RRSP investments transferred over to me. Therefore, unless I want to be taxed at 43% of 160,000$ this year for income tax I cannot withdraw the money and pay off my mortgage. Whatever I withdraw is apparently added to my income and I have to pay taxes on the whole thing. So…what would be the best way to pay off my mortgage in a reasonable time frame so I am not being taxed to the hilt and not having to eventually be living from pension cheque to pension cheque each month, paying off a mortgage, bills, food, etc, for the rest of my life and not knowing where the next $ will be

Russian language video about Canadian pension system.

I have been a Canadian resident and own a Canadian corporation. Now, I am getting to my retirement age, and wish to live somewhere outside Canada where the climate is warm and no snow. I would ask my son-in-law to take care of my business when I live south.

Investors Eye Canadian Banks; One Analyst Says Still Too Early to Buy Canadian Banks; RBC Analyst Says Canadian Banks Should Consider Dividend Cuts (Bloomberg News)

How do you simply determine your tax savings from a RRSP deduction? Do you multiply your deduction amount by your marginal tax rate or effective tax rate? How do you calculate your marginal tax rate?

Do you live in the United States or Canada? This financial planning, home budget, personal financial software program will save you thousands of dollars and years of time on your debts & loans. Ban. . .