Posts by Ed Rempel
Losing Money by Chasing Yield
The classic truism by Raymond DeVoe Jr. is particularly appropriate today: “More money has been lost reaching for yield than at the point of a gun.” Searching for investments with higher yields has often led to bubbles and has often lost money for investors. For example: The sub-prime mortgage-backed securities that collapsed in 2008 were…
Read MorePaying too much tax? How much is too much?
Do you ever wonder whether you are paying more tax than you need to? Do you hear stories about people claiming all kinds of deductions or about rich people being able to avoid tax? At tax time each year, these questions are foremost in Canadians’ minds.
Read MoreCase Study: Figuring Out Your Optimal RRSP/TFSA Contribution
In the last article, Ed Rempel discussed the steps to creating your optimal RRSP/TFSA contribution. Here is a case study to help put the steps into practice. Case Study: Optimal RRSP/TFSA Contributions for John and Mary Smith To understand the interplay between these six factors, lets look at an example. John Mary Income $100,000 $60,000 Marginal…
Read More7 Steps to Determine Your Optimal RRSP/TFSA Contribution Strategy
Put all the pieces together to create your optimal RRSP/TFSA strategy to determine the optimal contributions for you to make this year and in future years.
Read MoreThe Optimal RRSP Contribution
In RRSP season, you may wonder “How much should I contribute to my RRSP?” The proper way to figure this out is to identify your “optimal RRSP/TFSA contribution”. Understanding how to figure out the very best RRSP contribution to make is a vital concept. It is a key factor in every retirement plan. This article was…
Read MoreDumbest Investment Line of 2012 – “In these uncertain times”
One of my pet peeves is the phrase “in these uncertain times”. I see it constantly in the media and in financial industry talks and articles. Rarely is anything smart said after “in these uncertain times”. When are times not uncertain? Was 2012 uniquely full of uncertain news? No. Pick any year. If you google…
Read MoreThe Optimal RRSP/TFSA Contribution
Now that we are in RRSP season, you may be wondering “How much should I contribute to my RRSP?” The proper way to figure this out is to identify your “optimal RRSP/TFSA contribution”. This is a key factor in every retirement plan.
Read MoreConverting Income to the Right Type with Corporate Class Funds
Investing for income can mean that you have to chose between the most appropriate investment and the most tax-efficient one. You can convert investment income into the right type using corporate class funds. The most highly taxed income is interest. There is a significant benefit for you if you can convert interest income into dividends…
Read MoreTax-Efficient Income
Once you retire, it is important to understand how all your income will be taxed. Your investment choices will affect the type of income your receive. You can save a lot of tax by knowing which type of income is taxed the least by your income level. This article was written for The TaxLetter, a…
Read MoreTFSA, RRSP or Both?
Ever since tax-free savings accounts (TFSAs) were introduced, there has been a debate about which is the best for retirement investments – TFSAs or RRSPs? To fully understand this debate, you need to consider your tax rates before and after retirement, including the clawbacks on seniors. I have seen no other articles anywhere that properly…
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