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Reminder on Re-contribution to Your RRIF

on Sat, 11/07/2015 - 05:44

In light of changes made by the federal government in its budget handed down in May 2015 regarding the minimum RRIF withdrawal amount, lots of financial institutes offered their clients to be able to make a new contribution in 2016, which corresponds to the difference between the previous and the new minimum RRIF withdrawal amount for 2015.

Specifically, the minimum RRIF withdrawal percentages applied starting at age 71 (and over) will be reduced retroactive to January 1, 2015. We suggest clients make a re-contribution to compensate for the difference.

Re-contribution criteria

To be

How to pay yourself effectively

on Wed, 02/06/2013 - 11:53

"Entrepreneurship and Small Business" series, #5 (#4 How to manage your business; #3 Things to consider when you start your business; #2 What you should do before you quit your full time; #1 What needs to be prepared before you start your business; #6 The advantage of a business account; #7 Business budget made easy; #8 Last minute tax saving for corporations; #9 The federal disaster to small businesses and working class)

When you start running your own business, everything comes down to you.