Taking
care of aging parents
Steps to help prepare for long-term care |
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 The
population is aging faster than ever before. In 1997, there were 390 million people
over the age of 65, comprising 6.6% of the world’s population. By 2025, this
number is expected to exceed 800 million, or about 10% of the population.
This demographic shift will soon become a serious challenge for our society.
In addition to taking care of their children, baby boomers may well be responsible
for the care of their aging parents. Add to this growing concerns about the
long-term financial viability of government-sponsored medical care, and you
have the makings of a full-fledged crisis.
Use the Read
More link to view the complete article.
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| Making
the dream of higher education possible for your child or grandchildren |
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 Whether
you're a parent, grandparent, relative or close family friend, you want to see
the young people in your life succeed. And what better way to provide them with
a brighter future than through access to post-secondary education.
Alternatively, you may have set your sights on a post-secondary education for
yourself. Recognizing the advantages that post-secondary education can bring,
many adults are also considering returning to school.
Use the Read
More link to view the complete article. |
Pension
splitting tips for couples
Avoid 'clawback'; Can work even if you and your partner are in
same tax bracket |
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 Pension
splitting continues to be one of the hottest items on many Canadians' minds as
they struggle through the preparation of their 2008 tax returns.
First introduced for the 2007 tax year, pension splitting allows Canadians who
received "eligible" pension income to split up to half of that income
with their spouse or common-law partner.
Naturally, pension splitting will save you tax if your spouse or partner is
in a lower tax bracket. But it can even work to your advantage if you are both
in the same tax bracket, but one of you is losing some of your Old Age Security
(OAS) benefits due to the dreaded "clawback."
Use the Read
More link to view the complete article.
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Tax
tips for TFSAs
10 ways to benefit from contributing |
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 With
the launch of the new tax-free savings account earlier this month, you’d
be hard pressed to find a (investor) who could not benefit in some way from contributing
up to $5,000 to a TFSA in 2009. Here then is a list of my top-10 TFSA opportunities.
Use the Read
More link to view the complete article. |
| Don't
let your mortgage automatically renew |
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|
 When's
the last time you thought about your mortgage? Do you know your rate? Do you
know when your term is up for renewal? Do you know what happens if you don't
renew your mortgage? Many Canadians don't. It's no wonder when it comes time
to renew a mortgage, many people fall into the auto renewal trap.
Use the Read
More link to view the complete article.
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| BDO
Dunwoody provide a plethora of Tax Tips |
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|
 Looking
for some general answers to tax questions? DBO Dunwoody have an online archive
of tax related items. The archive is updated weekly. Here is an example.
Use the Read
More link to view the bulletin. |
| Protection
for Policyholders |
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|
 Do
you have life and health insurance? Do you know that you're covered by Assuris
if your policy has been underwritten by one of its members?
Previously known as Canadian Life and Health Insurance Compensation Corporation
(CompCorp), Assuris guarantees benefits in order to protect Canadians with policies
issued in Canada by member companies. Assuris is to the life and health insurance
industry what the Canada Deposit Insurance Corporation is to banks, trust companies
and loan companies.
Use the Read
More link to view the complete article.
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| Burnout:
How to Recognize it and What to Do |
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 Does
the word "burnout" mean anything to you? Of course it does. At some
point, we have all known someone-a colleague, spouse or friend-who's been afflicted
by this modern-day ailment. Anyone who's had a burnout has said the same thing:
"If I'd only known, I would've done something sooner ."
It is possible to prevent or considerably reduce the negative repercussions
of a burnout. But to do so, you must be able to recognize the symptoms and take
action!
Use
the Read More
link to view the complete article.
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We
get layoffs and higher taxes
Government workers get higher pay, with a 26% jump in the elusive
$100,000 club. By Linda Leatherdale |
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|
 While
tens of thousands lost jobs last year, with families suffering layoffs now facing
even higher taxes thanks to a bonehead move by Premier Dalton McGuinty to harmonize
the hated GST with Ontario's 8% PST - the ranks of government workers joining
the elusive $100,000 a year club climbed by 26% last year.
In total, a whopping 53,500 public servants earned more than $100,000 in 2008
- 11,000 more than 2007, while the new Socialist Republic of Ontario went from
the strongest economic engine in Confederation to a pathetic have-not province,
with deficits to hit a record $85 billion by 2013 - making Bob Rae's big-spending
NDP look fiscally sound.
Use the Read
More link to view the complete article.
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Today's
Market Rates |
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Taken from the FiscalAgents.com
Money Centre, as of 23/04/09
| Term
Deposits |
1.60%
|
Annually,
270-364
Days, $25,000 |
| GICs |
3.35%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
3.45%
|
| Annually,
5 Year, $25,000 |
| RRIFs |
4.15%
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| Annually,
10 Years, $50,000 |
| RRSPs |
3.35%
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| Annually,
5 Year, $5000 |
| Savings
a/c |
1.55%
|
| Daily |
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Click the link below to view our best-offered rate table.
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