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Documents to help you prepare for your financial planning.
All documents are in PDF format, and require the Adobe Reader program
(free download from adobe.com)
Many clients will ask which account they should withdraw money from....
How do you choose an RRSP? First you must realize that an RRSP is not an investment...
Listed are a number of investment options...
Top 10 Education Funding Strategies ...
This is one of the most common questions I get at retirement planning seminars.
My answer is a glib “How much do you want?”...
How much will you need? What type? Where will this money come from?...
If you do not have a will, each provincial government has an “Intestate
Succession Act” which will tell the administrator (appointed by the government)
who will inherit your estate...
As you reach retirement, creating cash flow from your investments becomes
more important. First you need to determine how much, how often and when...
If so, remember that, by law, this is the year that you must transfer
your RRSP to a Registered Retirement Income Fund or purchase an annuity...
In Alberta, the money that is held for you in a pension plan must be used to provide
you with a lifetime income when you retire.
The money that is in your Locked In Retirement Account can be used to create
income in either of two ways. The first is to purchase a life annuity.
In Canada, two out of every 1,000 persons age 40 are expected to die in any one
year. No one can determine exactly which two will die.
In Canada, we have a progressive tax system. This means that the higher
your income the greater your tax rate.
What is a Tax Free Savings Account (TFSA)? Well, it is not necessarily a savings
account! It is a trust account that you can use to save for anything you want.
One of the more difficult financial decisions an individual must make is whether to
contribute money to an RRSP or use that money to pay down their mortgage.