Michael Kossey, CFP - Financial Planner, RBC Financial Planning

08/08/2024

The Bank of Canada (BoC) Monetary Policy Report offers insight into the economic conditions that influence their decisions regarding interest rate. The Monetary Policy Report was released along with the announcement of the interest rate cut on July 24, and shares the influences behind the most recent rate cut, the drivers of future (possible) interest rate cuts, and where Canada stands when it comes to housing, inflation and the general economy.

On July 24, 2024 the Bank of Canada released its latest edition of the Monetary Policy Report. Read the highlights here, including how policy is working to ease pricing pressures on Canadians.

03/28/2019

2019 Federal Budget Highlights: Tax Measures that may affect you.

12/18/2018

Check out the below event that I’m taking part in February 2019!
If you can help spread the word, I’d appreciate your help!
Hollie Quiring, RBC Royal Bank Mortgage Specialist

11/25/2018

We’re just getting started!
Hope you found the tax tips I shared helpful.
I'll end with a year-end tax saving check list. Contact me if you’d like to get more personalized advice.

As year-end approaches, taking some time to look at your finances can bring you significant tax savings come next April. Visit RBC Financial Planning for tips and strategies.

11/25/2018

The Best is yet to come
You could spend up to 2,000 additional hours annually in retirement.
Contact me if you’d like to explore what you want to do with your time.

11/24/2018

What Happens to your RRIF when you die?

What happens to the money in your Registered Retirement Income Fund (RRIF) after your death – and the taxes on it – will depend on whether or not you name a beneficiary and who you choose as your beneficiary.

11/24/2018

RRSP Savings calculator

Estimate how much your registered retirement savings plan (RRSP) will be worth at retirement and how much income it will provide each year.

11/23/2018

RRIF calculator - what's your RRIF income?

Visit RBC Financial Planning to use the RRIF calculator to determine the minimum amount you must withdraw from your RRIF, LRIF or LIF once you convert your RRSP or LIRA.

11/23/2018

Pay down debt or invest?

This calculator helps you decide whether to invest or pay off debt.

11/22/2018

Top 6 differences between TFSAs and RRSPs

TFSAs and RRSPs both offer tax advantages to help you reach your savings goals. If you can afford it, a good strategy is to contribute as much as you can to both. But if you have to choose one over the other, make sure you understand how they differ.