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Apr 11

Understanding Deductible Debt – How to Decide What Debt to Pay Down First and How to Create a Bigger Tax Deduction

In today’s expensive world, many of us need to pinch pennies to make ends meet. When times are tight, it may seem like the only way of balancing the books is finding a new job or scaling back your Starbucks addiction. While it still might come to this, there may be some other steps to consider that may allow you to continue enjoying your double chai latte without having to dust off your resume; tax planning can put money back in your pockets and maximizing your deductible interest may be a big contributor to this refund.

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Mar 25

You, Me and the CPP – Part 3

If you have made it through my first two articles on the CPP (little of which actually discussed retirement benefits), congratulations. It is now time to make amends and drill down into the heart of the CPP – the retirement pension. More specifically, I shall talk about the things you can do to maximize your benefits and minimize the tax bill.

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Mar 17

You, Me and the CPP – Part 2

Although the CPP retirement pension is usually the centre of attention, it is not the only way you may collect CPP benefits. Although I do want to focus on retirement benefits and things to consider when deciding when to claim them, the lapsed Catholic in me would feel guilty if I didn’t spend some time explaining some of the other ways to get paid by the CPP.

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Mar 4

You, Me and the CPP – Part 1

For many of us, our Canada Pension Plan will play a meaningful role in our retirement planning. All the same, many Canadians don’t fully understand how it works and the choices we have when we look to start retirement benefits. In this article, I will first provide a brief summary of the CPP and some of the changes that have been enacted over the last 15 years to protect its ability to pay out the promised benefits going forward.

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