Articles

Are RRSPs really worth it? The answer may surprise you

More and more people say to me that they don’t contribute to RRSPs. They don’t think it makes sense. If they ask my opinion, my response always depends on the specifics of the person who is asking. For the purposes of this article, I will address a few different scenarios. For all of these examples,…

Strategies to Make Your Money Last Longer in Retirement and to Reduce Taxes

Lorne Zeiler, Portfolio Manager and Wealth Advisor, was one of the experts interviewed on current strategies that can be used by investors to reduce overall taxes paid in retirement and to the estate. Lorne Zeiler focused on the benefits of gifting. Written by: Terry Cain Special to The Globe and Mail Published November 11, 2020…

Tips on How to Get the Most from your RRSP

Lorne Zeiler, Portfolio Manager and Wealth Advisor at TriDelta Financial, was one of the experts asked about strategies to maximize the benefit of RRSP accounts and how to reduce overall taxes based on the timing of withdrawals and use of Spousal accounts. Written by: Dale Jackson Special to The Globe and Mail Published February 7,…

These unfair tax policies are putting a burden on women and seniors and need to be changed now

Here’s a scenario I’ve seen several times in my career as a wealth manager. A retired couple that receives two full CPP payments and two full Old Age Security (OAS) payments is able to fully split their income for tax purposes. Then one spouse dies. The survivor only receives one CPP payment, no OAS, and…

FINANCIAL FACELIFT: Can Olivia and Larry retire early with an ideal income of $10,000 a month?

Below you will find a real life case study of a couple who are looking for financial advice on how best to arrange their financial affairs. Their names and details have been changed to protect their identity. The Globe and Mail often seeks the advice of our VP, Wealth Advisor, Matthew Ardrey, to review and…

Why investors should pay for all investment fees out of non-registered accounts

The Department of Finance Canada’s recent letter to the Canada Revenue Agency (CRA) stating that paying investment fees for registered accounts out of non-registered accounts does not constitute a tax advantage is a big win for investors, who are now free to pay their investment costs from any source they choose. There are various advantages…