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
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Taking CPP Early, Late or at Age 65?
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…
Get Retire Ready: Checklist
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
The BEST (IMO) TFSA Contribution Room Calculator
Good Monday Morning, I get so many clients asking how much TFSA room they have available. If you were over 18 years of age when TFSAs were introduced in 2009, have never made a withdrawal and contribute nice round numbers, this is an easy task. However for any other scenario, it can be really difficult…