by Roger Crandlemire | Nov 23, 2016 | Financial Planning, Retirement Income
This week the loonie fell below 69 cents US for the first time in 13 years. There are some benefits to a low dollar, but this has a big negative effect on snowbirds. Canadians taking their usual winter escape will be feeling the pinch. Their discretionary spending, on...
by Roger Crandlemire | Jun 10, 2016 | Financial Planning, GICs, Retirement Income, Segregated Funds
Government clawbacks can potentially be applied to even modest income levels and can be an emotional matter. They can reduce both income benefits/supplements and otherwise claimable tax credits. The term used rather than ‘clawback’ by Service Canada is ‘Recovery Tax’....
by Roger Crandlemire | Feb 10, 2015 | Retirement Income
Several of the proposals in April’s Federal Budget spell “GOOD NEWS” for seniors. Here is a summary of the high points: Registered Retirement Income Funds – Reduction in Minimum Withdrawal Factors Applicable to 2015 and subsequent taxation years Pre-age 71 rates are...
