Pension Income Splitting is the Cinderella Tax Story for Seniors

Senior citizens concerned about losing income trusts as a low-tax investment vehicle can rest a little easier with the federal government proposal to allow income splitting. There is no shortage of eligible seniors: according to Statistics Canada there are more than 3.2 million people over 60 who are living common-law or legally married.
Read More...

Reverse Mortgages

Ahhh, the Golden Years. When everything you've worked so hard for over the last 30 to 40 years comes to light. We all like to envision ourselves in some cozy cabin, on the golf course or traveling the world, all while being comfortably retired.
Read More...

Financial Tips For Snowbirds

Thousands of Canadians 'snowbirds' fly south each winter to escape the cold and enjoy the warm weather south of the border. If you're among them, take note of these important financial precautions offered by Patricia Lovett Reid, senior vice president of TD Waterhouse Canada Inc.
Read More...

Insurance for Retirement

Four years to go. Perhaps five. Or three, if the budget is strictly adhered to and the market performs well. Ah, the heady dreams of retirement. Most of us look forward to our retirement years most of our working lives. And a lot of us will spend as many years in ‘retirement’ as we did working. The challenge, of course, is to ensure that we have properly prepared for our leisure years.
Read More...