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RRSPs 102 — Part 2

With mid-February now come and gone and the RRSP deadline for the 2015 year looming large, the time is right to round off my two-part series on RRSPs. Many of you reading these words already have a firm grasp of the fundamentals. In fact, in my mind’s eye, I may even have seen a couple of you nod off or zoom ahead a few times while reading my first article (although I hope you didn’t skip the funny bits). For those of you who haven’t read the first article, however, and who don’t regularly talk about marginal tax rates while on the social circuit, I would suggest checking out my last piece in order to set the scene for the information below. As an added bonus, I did include a couple of advanced RRSP techniques that in the right hands can result in dangerous levels of tax savings. Read more

RRSPs 102 – Beyond the Basics

I don’t want to insult your intelligence or induce a potentially fatal sense of post-holiday boredom by repeating what a lot of you already know about RRSPs. On the other hand, you know what they say about “assume” and what it makes of “u” and me. Accordingly, this is what I propose: I’ll run through a basic summary as quickly as possible and will ever try to sprinkle in a few jokes to liven your day before getting to some of the (at least to me), more interesting stuff. I’ll then describe a couple more advanced planning techniques to reward you for making to the bitter end but will hold back the rest until my next article in the hopes that this will both leave you clamouring for more and reduce your eyestrain in the meantime. Read more

Tax Planning Webinar Saturday!

Hi all. I just wanted to pass along that I am doing a free webinar Saturday morning (i.e. November 21, 2015) at 10 am my time (1 pm in Ontario) on tax planning for Canadian Moneysaver Magazine. Hopefully, you’ll learn a few tips that can put a little bit more green in your bank account, which isn’t a bad sort of thing this time of the year. Click here to get more details: http://www.canadianmoneysaver.ca/events

 

Capital Ideas – How to Get the Biggest Benefit From Those Unwise Investment Decisions that Produce Capital Losses

Have you ever made any investment decisions that you’ve lived to regret? Unless your last name is Buffet or Graham (and even so, I still have my doubts), you’ve probably purchased at least a few investments that still cause you to stare into space while ruminating on how much money you lost. Moreover, unless you are content to live with GIC investments that currently pay less than the cost of inflation net of tax or have mastered the art of seeing into the future, there is a pretty good chance that you’ll have additional mistakes to lament over in the years ahead. Read more