How this RRSP Strategy can Significantly Enhance your Returns (5 Times Higher ROI) Most Banks and Financial Planners are happy to tell you that a 5 to 7% return on your money is good. Why would you settle for that when you can
How do you Avoid the RRSP Tax Time Bomb Trap? One of the biggest mistakes we make as investors is that we forget just how much TAX we have to pay to CANADA REVENUE AGENCY, especially if we rely on RRSP savings for our retirement income.
HOW MUCH TAXES DO WE PAY? 95% of all Canadians retire broke, dependent on friends, family or the federal government for their primary source of income. According to Bank of Canada and statistics Canada in 2009 the majority of Canadians spend $1.60 for every $1.00 they bring in. How much tax do we pay? Firstly Ontario has a progressive Tax system in place the more you make the more tax you pay.