How Do I Split Pension Income?

Shaun Clark
June 1, 2019
Accounting / Financial Coaching / Retirement / Taxes
0 Comments

Enjoy life to the fullest in your retirement years by paying the lease amount of tax. Keep your nest egg secure by planning for the future and achieving success. Image taken by Arek Socha and posted to Pixabay.com

What are the eligibility requirements to splitting pension income and what is eligible pension income? Valid questions to a common goal of minimizing taxes during the Golden Years. Determine what pension income is eligible to split as well…

Patriots player Rob Gronkowski said he hasn’t spent a dime of his $54 million NFL contract. Here are 4 money-saving tips that you can learn from him.

Shaun Clark
February 7, 2019
Budgeting / Debt Counselling / Financial Coaching / Retirement Savings
0 Comments

New England Patriots tight end Rob Gronkowski has said he hasn't spent a dime of the six-year, $54 million contract he signed in 2012.The four-time All-Pro said he lives off of his endorsement earnings.Gronkowski suggests buying a car instead of leasing…

Employee vs Contractor

Shaun Clark
January 5, 2019
Accounting / Corporate / Employee / Financial Coaching
1 Comment

An organization can hire people either as employees or contractors. The benefit tocontractors is that a company does not have to pay into their EI or CPP. The company also requires the contractor to be the one to…

The Pros and Cons of Incorporation

ADVANTAGES LIMITED LIABILITY (‘you can’t sue me’! – John Cena) The main advantage to incorporating is the limited liability of the incorporated company. Unlike the proprietorship/partnership, when a business becomes incorporated, an individual shareholder’s liability is limited to…

RRSP vs TFSA

RRSP vs TFSA – How Much Will it Grow? Not knowing the difference between an RRSP and a TFSA, could cost you tens of thousands of dollars. As the debate between the two retirement investment opportunities grows, there…

Festive stress: why the Christmas season can be anything but merry

It’s meant to be a time of good cheer, relaxation and celebration, but for many, Christmas is stressful. The reasons are more varied than you might think It’s Christmas! Time off work. Gifts to give and receive. Eating…

Get Ready For A Wave Of Household Bankruptcies, Canada

by Daniel Tencer An industry group representing Canadian bankruptcy professionals is warning that the country can expect to see a wave of consumer insolvencies next year. In a report issued this week, the Canadian Association of Insolvency and…