Federal budget 2015 highlights
The federal government unveiled a balanced budget for 2015 on April 21st. Among the highlights from this budget were lower Registered Retirement Income Fund (RRIF) minimum withdrawals, tax cuts for small business, a higher Tax-Free Savings Account (TFSA) contribution limit and investment incentives aimed at the manufacturing sector.
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Should you consider an early pension?
For years, age 65 has been the "standard" age of retirement. But you don't have to follow the standard. In fact, you can begin collecting Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) benefits as early as age 60.
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Where there's an updated Will, there's a better way
An integral part of any financial plan is a Will that lets people know how you wish to allocate your assets after you have passed away. But a Will shouldn't be created and then simply forgotten.
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©2015 Investment Planning Counsel
Disclaimer: This Report is written by Investment Planning Counsel, a fully integrated Wealth Management Company. Mutual funds available through IPC Investment Corporation and IPC Securities Corporation. Securities available through IPC Securities Corporation, a member of CIPF and a member of the Investment Industry Regulatory Organization of Canada.
Insurance products available through IPC Estate Services Inc. Mortgage Broker Services provided by Invis Inc. (Lic.# ON 10801 / SK 315928) or Mortgage Intelligence Inc. (Lic.# ON 10428 / SK 315857).
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