|
| Hope you’re all enjoying your summer and getting some much needed rest and relaxation. In this month’s newsletter, we’re passing along a few articles related to optimizing retirement plan withdrawals, new developments in the first home savings account (FHSA), and some reliable strategies for avoiding common online scams. |
|
|
|
|
|
|
Our Best Rates (as of August 2, 2023) |
|
Click the above rates to view our rate tables.
Rates are subject to change without notice.
. |
Good Reads |
| | Why clients with large RRSPs and RRIFs might benefit from earlier withdrawals Strategic withdrawals allow clients to smooth out their income levels over retirement By Rudy Mezzetta, Advisor.ca
From the article: “Clients with large RRSP and RRIF balances might consider triggering bigger withdrawals from their plans earlier in retirement, tax experts suggest, rather than limiting themselves to making only the mandated minimum withdrawals from their RRIFs.
Strategic withdrawals from retirement accounts allow clients to smooth out their income levels over retirement, lowering their overall tax liability, and to manage their access to government seniors benefits.“ |
| |
|
|
|
|
|
|
|
|
| | 5 Ways scammers are targeting your bank account
By Devin Partida, Financial Independence Hub
From the article: “Staying vigilant about your online security can seem like a struggle - scammers are seemingly always innovating new ways to part you with your money or private information. This article highlights five of the more common online scams and what to watch out for.” |
| |
|
|
|
|
|
|
|
|
| | CRA releases forms to allow for transfers out of FHSAs
By Rudy Mezzetta, Advisor.ca
From the article: “The Canada Revenue Agency (CRA) has released forms to allow tax-free first home savings account (FHSA) holders to transfer assets from their accounts to their RRSP, RRIF or to another FHSA.
While the new registered plan officially launched on April 1, the CRA has yet to release all the forms financial providers need to administer the accounts.” |
| |
|
|
|
|
|
|
|
|
The Continuing Adventures of the Oakvillian FrugleFrogg ® |
|
In our ongoing effort to bring you only the most select content for your interests, we present this installment of the thrilling journeys of our office mascot - the Oakvillian FrugleFrogg. We hope you enjoy these latest photos of his travels abroad. |
|
|
|
|
|
|
|
|
|
|
Our Featured Free Publication Available for download on the Fiscal Agents website |
| Planning for your children’s future
In today's hectic world, planning plays an important role in the way we live our lives. From major decisions to relatively minor issues, planning is what makes our lives run smoothly. We often put off tackling the chore of making the most important choices: Planning for our future and the futures of our children. |
|
|
|
|
|
|
|
|
|
|
|
|
|
