Get Your Inheritance Early - And Other Ways Your Parents Can Save Thousands in Taxes in Retirement

By 2 Cents on August 16th, 2010 | Category: Retirement | 5 comments

The following is a guest post by Frank Wiginton CFP, FMA, CIM, FCSI.

I want to start off by saying that I am not advocating anything that could get you put away! What I am recommending is that you speak with your parents about saving them thousands in taxes throughout retirement. Those who are in retirement may be paying too much in taxes on money they will never use!

The big question most people in retirement have is “Will I run out of money?” There is a great calculator on the home page of my website at www.frankwiginton.ca that will tell you whether you will run out of money, and if not, how much you will still have left as an estate. It will also tell you approximately what your lifetime tax bill will be. You will likely be surprised by the numbers – many are!

So [...]

Read on and enjoy … Get Your Inheritance Early – And Other Ways Your Parents Can Save Thousands in Taxes in Retirement

Category: Retirement | Tags: , , , , |

A Dozen Good Reasons to Move to Canada

By 2 Cents on July 1st, 2010 | Category: Economics | 7 comments

Happy Canada Day! In honour of the occasion, I thought I might go over some of the economic reasons we love living here, and why you might want to move here if you don’t already. These aren’t my ideas, by the way. I found them in an amusing post over at The Daily Reckoning that cautioned as follows: Don’t Underestimate Canadian Economic Growth.

I’ve acknowledged the waves of applause our home and native land has received over the past few years for our stronger financial regulations and sound(er) fiscal policies. I’ve also raised a couple of concerns over our housing market (CMHC: Fannie Mae Canadian Style?) and the growing levels of household debt many of us are servicing (Canada: Golden Child or Tag Along Sibling?). Although these concerns are valid, there’s no other country in the world I’d rather call home, so today [...]

Read on and enjoy … A Dozen Good Reasons to Move to Canada

Category: Economics | Tags: , , |