Understanding GIS (Guaranteed Income Supplement) for Canadians
The Guaranteed Income Supplement (GIS) is a government-run program designed to provide additional financial support to eligible low-income seniors in…
Personal Finance
Is there an Estate and Inheritance Tax in Canada?
In Canada, the concept of inheritance and estate tax dates back to the late 19th century, when the first federal…
Canadian Retirement Catch-up Strategies for Late Starters
Retirement planning is an important aspect of an individual’s financial life. It requires careful consideration and planning to ensure that…
5 Ways for Seniors to Unlock Your Home Equity in Retirement
As Canadians approach retirement, they often have a significant portion of their wealth tied up in their homes. Home equity…
Understanding RRSP, RRIF, CPP, and OAS Withholding Tax in Retirement
Retirement planning is a critical aspect of an individual’s financial journey. With the aim of ensuring a comfortable standard of…
Safe Withdrawal Rate (SWR) of Money from Savings
Safe Withdrawal Rate is a term used to describe the amount of money that can be withdrawn from a savings…
How to Retire by Age 50 in Canada
Retiring at the age of 50 is a dream for many Canadians. It requires careful planning, discipline, and a commitment…