This week’s Around The World (ATW) looks at strategies to help you reduce tax, increase retirement income and maximize your Estate.
The attached article here (in blue) explains:
- When and why you should take CPP.
- RRSP transfers to TFSAs for Estate Planning purposes.
- Pension Income Credits from RRSP to RRIF conversions.
Point #1 is particularly important because it’s a big decision as to when to start receiving CPP income. While we all like the certainty of income now, the 8.4% increase in CPP per year for every year you defer over the age of 60 is pretty compelling.
The good news is that we can help you with all of these points and look forward to speaking with you about them in the future.
In the meantime, markets keep humming along, making it 2 months in a row!
See you in March!