Whether you're buying to invest or because you just have to see that particular painting on that particular wall, here's what you need to know to become a masterful collector
Higher allowable contributions, significantly reduced corporate tax and the potential to retire early with undiminished income are just some of the advantages offered by the personal pension plan — an innovative financial product designed to address the needs of incorporated professionals.
If elected, the provincial Tories will pay doctors who have practised for 15 years or longer up to $15,000 a year in matching RRSP contributions, while new doctors with less than five years' experience get $5,000 a year, even if they don't put anything into their RRSP.
Cottage owners got richer on paper over the pandemic, with property values rising by as much as 160% in some parts of the country. Great, isn't it? But also more complicated for your succession plan.
Keeping the family cottage peaceful and familial requires a cottage sharing agreement that sets out the rules for dividing the responsibilities and usage of this place that holds so many happy childhood memories.
If you have recently retired and are in your mid-60s, you have a choice to make. Do you take your government pension entitlements, or defer them to a later date in order to receive a higher amount?
Now is not the time to panic. Dr. Mark Soth, the man behind the physician finance blog Loonie Doctor, discusses how the pandemic hit doctors’ incomes and what he tells physicians about saving for retirement.
