Reduce Tax Deducted From Your Pay
Did your RRSP contributions win you a tax refund this year? If so, you goofed. It’s wiser not to overpay.
If you make regular RRSP contributions you can ask to have less tax money deducted from your paycheque each month. Simply file a request to reduce tax deductions at source (T1213) and see a fatter paycheque all year long.
Please read: Client Connect – Regular Contributor To RRSP?
Here we are in another RRSP Season
Let’s take a look at some retirement savings options.
There are a few to choose from:
Take a situation where you have $5,000 after taxes available to invest each year. Please read our Client Connect to compare these four options. You may be surprised as to the results!
Consider The Use Of Non-Taxable Benefits
When it comes to employee compensation, many employers lack creativity.
Employess often receive pay that is fully taxable, with little in the way of tax breaks to soften the flow.
To learn about the top ten non-taxable benefits for employees, read: Client Connect – Be Paid Using Non-Taxable Benefits
Intimidated By Your Life Insurance Options?
A 2010 study shows less than half of consumers feel confident about making insurance decisions.
More frightening is only 2 out of 5 people could answer basic questions about insurance coverage.
Get informed about your policy and the company issuing it by asking your life insurance agent these 10 questions.
Please read: Client Connect – Ten Questions To Ask Your Life Insurance Advisor
Understand What Today’s Buyers Want
Are you making upgrades to your home with an eye toward improving your home’s resale value?
Consider these suggestions before you get started:
Client Connect – How To Get The Best Return On Home Renovations
Physical Survival versus Financial Survival
Canadians appear more confident about their ability to physically survive a critical illness, than survive its impact on their net worth.
According to Desjardins Financial Security Health Survey, close to two-thirds of Canadians are confident they would survive a critical illness, while 67% say it would render them financially vulnerable and they would likely need to turn to family for financial support.
Please learn more about this issue by read: Client Connect – Canadians Exposed To Cost Of Critical Illness Insurance
There were mixed results on global capital markets during the second quarter of the year.
Bond prices rose, while stocks in general pulled back.
Even then, markets such as Germany and Japan made gains, while China and North America were down.
For more details, please read: Client Connect – Market Q2 2011 Update
Please feel free to contact us with any financial planning related question, in confidence, to:
steve@bentleyfinancial.ca
1.888.88BENTLEY (882.3685)
519.404.4864
