A very highly respected Canadian financial blog, The Million Dollar Journey (which I read every day), had asked me to guest-author a series of articles on Call Options. FrugalTrader (the person who …
The Individual Pension Plan (IPP) – Convert your RRSP to a Defined Benefit Pension Plan
If you A) own 10% or more of a company or B) earn more than $109,250 in 2007 you may be a candidate for setting up an Individual Pension Plan (or IPP for short). An IPP is best described as the …
Diversify your blog reading…
FrugalTrader over at the Million Dollar Journey blog had asked me to write a guest series on Call Options. Part I of III appears today on his blog - please click here to take a look.And while you are …
Naming a Beneficiary for your RRSP: Avoid unnecessary tax
If you've set up an RRSP account you'll know one of the standard questions on the application form will ask, "Who do you want to name as Beneficiary for this account?". If you opened the …
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RRSP Withdrawals are subject to Withholding Taxes
Whenever you make a withdrawal from your RRSP there will be a withholding tax applied. Actually, it would be better to say that financial institutions "WITHHOLD tax" and remits it to the …
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Holding your own mortgage inside your RRSP
Normally the sequence of reactions to the discovery that you can hold your own mortgage inside your RRSP (and essentially pay yourself interest instead of the bank) goes from tremendous excitement to …
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