financial advice

Planning for Retirement Part II

Posted:

Jun 15, 2012

Last month I covered the pension benefits offered by the government. Will they still be there 20 years from now? I am not sure, so perhaps we should be asking what our sources of retirement income are and how much we will need.

Common sources are pension plans, RRPS and other investments, savings and work. Typically, it is recommended that we will need 70% of what our earnings will be in the years just before retirement.

Tags:

retirement, financial advice

Tax Time

Posted:

Mar 07, 2012

This month, I would like to bring to your attention what you need to consider when preparing your tax return. The deadline for filing your tax return and paying any taxes owing for 2011 is Monday, April 30.

The income you earn during a calendar is reported on tax information slips, also known as T slips. Below is a list of the ones you may receive:

T4, Statement of Renumeration Paid

T4A, Statement of Pension Retirement, Annuity, and Other Income

T4A (OAS), Statement of Old Age Security

Tags:

financial advice, Tax Advice

Saving for Your Child's Education

Posted:

Feb 27, 2012

I was at the Liquor Store this fall buying… I think it was beer that time, and the person assisting me with my purchase asked if I could discuss ways to save for your child’s education in the next column.

Tags:

savings, financial planning, financial advice