Stampede Time in Calgary!

Last year, our July Newsletter talked about the massive feeder pipe in Calgary which needed to be repaired. That left Calgary, Airdrie, Chestermere and Strathmore with a shortage of water and some tough times. Seems as though the water is running just fine this year. We are on day four of the Stampede as I write this. I normally get out to one or two events this time of the year. This year, I'm actually taking in a few things so I'm excited for that!

We got out to Saskatoon in June this year and had some great client visits there. We plan to be out that way again in early August. Please let me know if you'd like to get together when I'm in the area. Other than that, we'll be staying close to home...

Life Insurance: What You Need to Know

When it comes to life insurance, the name is a little misleading–it’s not really for your benefit. It’s there to protect the people you care about most if something happens to you. In a way, it’s more of a "loved ones’ lifestyle protection plan."

One of the first things to understand is that you don’t buy life insurance with money–you buy it with your health. If you become seriously ill, you may not qualify, no matter how much you’re willing to pay. So, waiting too long...

Tax Efficient RRSP Withdrawal Strategies

Many Canadians diligently contribute to their Registered Retirement Savings Plans (RRSPs) throughout their working years, aiming for a comfortable retirement. However, when it comes to withdrawing these funds, the strategy isn’t always straightforward. For some, tapping into their RRSPs earlier than traditional retirement age can offer significant tax benefits and financial flexibility.

Why Consider Early RRSP Withdrawals? - The conventional wisdom suggests deferring RRSP withdrawals to delay taxes as long as possible. Yet, this approach might not be optimal for everyone. Withdrawing funds during years when you’re in a lower tax bracket can reduce your overall tax burden. This strategy, sometimes referred to as an "RRSP meltdown," involves strategically...