Drawing from your portfolios? Worried about the next pullback? What can you do to minimize the impact of a correction? Markets have been on an upward trajectory since late-March and most portfolios currently sit flat or slightly positive for the year. This is quite the turnaround from just a few short months ago. However, headwinds… Read More
The Smof Investment Blog
We feel it is important to periodically review the basic tax-advantaged account structures available to Canadian investors. In this article, we’ll discuss the Registered Retirement Savings Plan (RRSP) and it’s sibling, the Spousal Retirement Savings Plan (SRSP). Who Will Make Best Use of an RRSP? You will benefit from an RRSP if you are working… Read More
Did your last paycheque look a little low? That’s because starting in 2019, the amount you contribute to Canada Pension Plan (CPP) will increase from 4.95% to 5.10% for earnings between $3,500 and $57,400. These contributions are matched by your employer. Therefore, if your salary is $57,400 or higher, you will pay approximately $81 more… Read More
“In the New Year, never forget to thank to your past years because they enabled you to reach today! Without the stairs of the past, you cannot arrive at the future!” – Mehmet Murat Ildan Weekly Update – So Long, 2018 For the last time in 2018, we will leave you with our tax- and investment-related… Read More
In 2012, new rules were introduced that allowed Canadians to apply for CPP benefits as early as age 60 at a reduced rate, or as late as 70 at an increased rate. This was meant to address Canada’s evolving landscape of retirement, with some Canadians retiring before age 65 while others are working past it…. Read More