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Friday, May 9, 2008 |
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Personal Finance Plan ahead, boomers, and retire 'your way' Dollars and Sense / David Christianson Clearly, both our individual and our societal views of "retirement" have evolved over the last 20 years or so. Let's look at the changes, how they affect your future and how you can take advantage of the trends. Starting CPP early has its benefits Dollars and Sense / David Christianson A few weeks ago we wrote about the Canada Pension Plan and the shocking fact that some 26,000 seniors over age 70 are not receiving the benefits to which they are entitled. Making the most of that tax refund Dollars and Sense / David Christianson In February, I read that some 20,000 big-screen TVs were purchased in North America in the week leading up to the Super Bowl. Ever since, I've been afraid that some of our loyal readers might use their income tax refunds in a similar manner. Death and taxes...can cost you in U.S. Dollars and Sense / David Christianson Well, I was goosed awake this morning -- a sure sign that spring has arrived. Remember to apply to cash in on CPP Dollars and Sense / David Christianson My son Taylor received a letter recently saying, "Welcome to the Canada Pension Plan." This means he has made his first contribution and has started to build up a retirement pension. Recession an opportunity to invest in stock market David Christian - Dollars and Sense Let's talk today about investing. Pension income can be transferred in a snap David Christianson / Dollars and Sense Earlier this month, we reviewed the process for taxpayers who have qualifying pension income to now be able to transfer up to 50 per cent of that pension income to the tax return of a spouse. Take care splitting pension income Dollars and Sense / David Christianson For 2007, taxpayers who are married or living in a common-law relationship will be able to transfer up to 50 per cent of qualifying pension income to the tax return of their spouse. This can save a significant amount of tax, in situations where the pensioner is in the higher tax bracket, especially if that person's OAS has been partially or fully clawed back. Return to Top |
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