If you are married or have a common-law partner, you can take advantage of the spousal registered retirement savings plan (RRSP) to minimize your tax burden.
Would you like the certainty of an income stream guaranteed for life with the ability to leave money to your heirs or charity? If so, then an insured annuity strategy may be right for you.
If one of our first clients happened to slip into a 28-year slumber, they would not recognize the firm we have become today. “People, Process and Products” have all undergone a massive revolution at Foster & Associates.
Comparing the present inflation to inflationary periods of the past has become a popular pastime for journalists, economists, and ordinary pundits. From all the analyses I have read, one example seems to have received little attention.
When you change the use of your home from business or income-earning purposes back to your principal residence, the Canada Revenue Agency (CRA) “deems” that you to have carried out a sale of your property.
With current interest rates increasing due to the government of Canada’s attempt to combat rising inflation, now may be a good time to lock in a life annuity with possible higher income payouts.
As interest rates climb, you may be wondering whether the payment on your variable rate mortgage will increase. The answer to this question is — it depends.
Are you wondering where to put your savings, and confused about which account works best between a registered retirement savings plan (RSP) and a tax-free savings account (TFSA)? When deciding whether to save with either or both accounts, consider the following…
Oh, those famous words from the back seat on the summer road trip. It’s certainly a question we’ve been asking recently…
If you have received a notification from the Canada Revenue Agency (CRA) to pay instalment taxes, here’s what it means and what you should do about it.
DISCLAIMER: Estimates and projections contained herein represent the views of the write and are based on assumptions which the writer believes to be reasonable. This information is given as of the date appearing on this report, and the writer and Foster & Associates Financial Services Inc (“Foster”) assume no obligation to update the information or advise on further developments relating to securities. The material contained herein is for information purposes only. This material is not intended to be relied upon as a forecast, research or investment advice, and is not to be construed as an offer or solicitation for the sale or purchase of securities, or as a recommendation for you to engage in any transaction involving the purchase of any Foster product. Investors should carefully consider the risks of investing in light of their investment objectives, risk tolerance and financial circumstances