Articles
Three Ways High Earners Can Earn Higher After-Tax Returns and Help their Kids
For those of us born before the 1980s, we enjoyed the benefits of affordable higher education and a fairly low entry point to the real estate market. For kids about to enter University, the tuition cost of a three year law program could easily run over $100,000, a two year MBA between $60,000 -100,000 and…
Read More1% in your pocket is better than 1% in the taxman’s pocket
We often tell clients that while you can’t always control investment returns, you can be tax smart in terms of how you invest. If you can add 1% after tax a year to whatever your investments happen to return, you will be much better off over time. Very roughly, if you are in Ontario and…
Read MoreRRSP – When an RRSP is not enough
RRSPs are simply one big tax game. The aim is to get at least the same (if not better) tax refund when you put money in, than you will be forced to pay when you ultimately withdraw from your RRSP or RRIF. For those who make a high income – let’s say $300,000 in taxable…
Read MoreIn retirement, the rich get richer
If you were born in the United States in 1930, your life expectancy was 59.7 years. If you were born in the United States in 2010, your life expectancy was 78.7 years. In 80 years, average life expectancy grew by 19 years. Society is still trying to sort out this massive shift when it comes…
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