Are you nearing retirement and wondering if right now is the time to step into it? During these uncertain times, having a thorough plan that incorporates market drops and recession is very crucial for your peace of mind.
However, if you have not had one of these plans done before retirement, there are still other things you can do to prepare yourself during tough times in the market. In this episode, Kris Dureau offers some tips that may ease the sting of leaving the everyday workforce.
The three choices for transitioning from a full-time job into retirement
Key tips on retiring during a recession
What to consider when deciding to work part-time during retirement
When is a good time to take the leap into retirement
Just the name Tax-Free Savings Account (TFSA) sounds wonderful, doesn’t it? You can set aside money tax-free throughout your lifetime and it is a great idea… If you don’t make some simple mistakes. We need to be aware of the regulations around these accounts to avoid any painful mistakes.
In this episode, Kris goes through six simple steps you can check off in order to have a tax-free savings account as a valuable tool that benefits you. Your TFSA is a registered plan that could help you save a certain amount of money each year and grow it tax-free.
Why you should name your spouse as a successor holder rather than a beneficiary of your TFSA
The reason you should not use your TFSA as a high-interest savings account
The importance of planning when to withdraw money out of your TFSA
Factors to consider when looking to make a big purchase
It’s never too early to start thinking about your tax planning, especially if you’re a business owner!
In this episode, Kris Dureau welcomes back Simpson and Associates’ Peter Simpson. Kris and Peter discuss important tax tips for business owners and self-employed individuals and share strategies for making positive, practical changes to your tax picture.
In this episode, you will learn:
How to claim work-from-home tax deductions
When business owners should start thinking about putting money into their RRSP
The right time to incorporate a business
Benefits of an HST number
Listen today to discover tax tips and strategies that can help small business owners maximize their tax planning!