Notes From Kieran - A week-long journey in southern BC

1 July, 2014

In just over 3 weeks I will be embarking on a week-long journey through Cathedral Park in southern BC, just southeast of Princeton. With the not-so-friendly names of “Grimface,” “Macabre Tower” and “The Matriarch,” Cathedral Park offers its share of challenging... Read More

Q2 Quarterly Market Update

1 July, 2014

Review: Canada Outperforms Forecast:  How Much Does the Political Unrest in Smaller Economies Impact our Markets? After years of surging US markets, it was the Canadian markets that fared well in our second quarter. With the Canadian dollar rising against... Read More

RRIF INCOME: How to generate tax-free gains with your taxable RRIF payments

1 July, 2014

As soon as you are 71, that RRSP that has grown tax free for so many years must now be converted to a RRIF and have income withdrawn beginning the following year. The rate of minimum withdrawal goes up every year, though to everyone requires this extra... Read More

Are you maximizing your Guaranteed Income Supplement?

1 July, 2014

Guaranteed Income Supplement, or GIS, eligibility in Canada begins at age 65 and is based on your taxable income for the previous year. Individuals with taxable income lower than $16,727.99 and couples with taxable income lower than $30,911.99 may be... Read More

How to avoid being penalized for over-contributing to your TFSA

1 July, 2014

Filed Under: Tax Planning

We recently sent out an e-mail to all clients that hold TFSA accounts with us to warn them of possible TFSA overcontribution. Canada Revenue is tracking TFSA contributions and will be charging a penalty of 1%/monthly on any amount over-contributed.  ... Read More