If you are thinking about transferring your defined benefit pension, here are some reasons for and against. You can find more information on QROPS transfers here.
A great BNN Bloomberg interview with CIBC’s Jamie Golombek. In the 5 minute interview Jamie covers capital gains exemption rate, possible HST increases, taxing your principal residence and planning now to reduce your 2021 taxes. https://www.bnnbloomberg.ca/video/raising-income-taxes-is-not-the-way-out-of-the-mounting-deficit-cibc-s-jamie-golombek~2159700#.YE9ycB8UIHs.linkedin
When to take CPP is one of the biggest questions we as Certified Financial Planner professionals are asked. This extremely important decision should include considerations such as life expectancy, overall health, taxes and the need for income. For every month you take CPP before age 65, your payment is reduced by 0.6%, or 7.2% per…
There’s a lot to consider when one’s retirement is nearing. Perhaps you are already retired and wondering if there’s more to consider. CI Investments TREP team of experts has put together a fantastic pre and post retirement planning checklist. Click the text below to read more! Retirement Checklist