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It’s that time of the year again and the question remains…”am I better off investing in my Registered Retirement Savings Plan (RRSP) or my Tax Free Savings Account (TFSA)”? Here are a few important elements to consider when faced with the choice: First consider your marginal tax bracket. Investments made in your RRSP are tax […]

By Jamie Golombek, Managing Director, Tax and Estate Planning, CIBC Private Wealth Management Tax planning should be a year-round affair.But as year-end approaches, now is a particularly good time to review your personal finances and take advantage of any tax planning opportunities that may be available to you before the December 31st deadline. As we enter the […]

Much remains uncertain during COVID-19 for the many Canadians who hope to escape the frozen north this winter. Many popular winter destinations have struggled to contain their COVID-19 outbreaks contrary to many parts of Canada, which have been more effective at reducing infection rates. Concerns such as: What happens if border restrictions don’t ease by […]

There are many misconceptions about life insurance – who it’s for, and who can afford it are some of the more common. 50% of Millennials guessed the yearly cost of $250,00 term life insurance policy for a healthy 30-year-old would run at $1,000 or more yearly when it is actually closer to $160.00 per year for a 10-year-term. Source: LIMRA Other post […]

When people move out of their home, it is usually after they have tried remaining at home – at times with assisted living care – and have reached a point where this solution no longer works. In some cases, home care lasts only for a limited time due to changes in the senior’s health condition […]

                  One of the questions we get the most about retirement planning is, “when is the best time to take CPP”? As people enter the retirement phase of their lives, they switch from saving money to making decisions about when and what type of income to receive. […]