When You Don’t Need Your RRIFs Yet
My wife and I are retired and in our 70s but still earning consulting income. We don’t yet need our…
RRIF
Giving Money to the Kids Safely
By Olev Edur I’m a 71-year-old widow with an income of about $26,000 a year consisting of Canada Pension Plan (CPP) and Old Age Security (OAS) benefits and a small survivor’s pension. I’ve paid off my mortgage, and this income…
How to Manage Your RRIF?
I'm 69 and own four different RRSPs at different institutions, amounting to a total value of about $300,000. These RRSPs…
Managing Retirement Savings Can Be a Balancing Act
By Olev Edur A popular regular feature in Good Times magazine is “Your Questions,” where Olev Edur provides answers to…
What Financial Help Can You Get?
Here’s a guide to federal economic relief By Erika Morris Photo: iStock/bob_bosewell. Over the last month, Canadians’ work lives have completely…
TFSA Limit Rises to $6,000 for 2019
With the recently announced increase, anyone who’s never had a Tax-Free Savings Account before will be able to contribute up…
How to Reduce Your Estate’s Tax Burden
Withdrawing more than the minimum from your RRIF can reduce the taxes your estate will have to pay—but don’t withdraw too much…
Why RRSP Income Doesn’t Count as Pension Income
Money from your RRSP won’t help you get a pension credit on your tax return—but there’s a way around that.…
