Mary Keetch Financial Services

Pension income splitting vs spousal RRSPs

Determining when each tax strategy works best.

PENSION INCOME SPLITTING CAN BE A GREAT WAY to reduce taxes.  Couples can split their income once their Registered Retirement Savings Plans (RRSPs) become Registered Retirement Income Funds (RRIFs).

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Do you or someone you know qualify for the Disability Tax Credit?


Perhaps a Registered Disability Savings Plan RDSP could help you reach your financial goals.

People with disabilities and their loved ones face a distinct set of financial challenges throughout their lives. To help address these challenges, in 2008 the Government of Canada introduced the Registered Disability Savings Plan (RDSP). Designed to help build long-term financial security for disabled persons, the RDSP makes it easier to accumulate funds by providing assisted savings and tax-deferred investment growth.

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Avoid a legacy of taxes

Avoid a legacy

AMERICAN INVENTOR AND POLITICIAN Benjamin Franklin wrote,  “In this world nothing can be said to be certain, except death and taxes.”1 And while the thought of death can be unpleasant, so can the prospect of leaving your family a large tax bill. With a little planning, you can help minimize the taxes on your estate once you’ve passed on. Here are a few tax-saving strategies to consider.

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Get into the sandbox with saving

Get into the sandbox

THE EXPRESSION “LIKE A KID IN A CANDY STORE” exists for a reason, and most parents are all too aware of it. When children are in a place where treats are sold, a very yummy and tangible goal is right there in front of them. They’re tempted to spend every dime on the spot. So can they learn  to save for longer-term goals like a bike or computer? Even young children can understand money and the value of setting financial goals. According to a report by University of Cambridge researchers, seven-year-olds can understand basic financial concepts.1 In fact, introducing children to saving early might give them a head start on a lifetime of good money habits. And it could make those trips through the toy store or down the cereal aisle a little more pleasant. If you’re looking for ideas to help teach kids the rewards of thoughtful spending and saving, consider some of the activities below.

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The family dollar juggling act

The family dollar

FOR PARENTS, DAILY LIFE CAN SEEM LIKE A JUGGLING ACT. Adults in the family have a schedule, priorities and commitments. Kids have a schedule, priorities and commitments. Sometimes they match up. Often they don’t. As a result, many families become experts at keeping multiple balls in the air. Fortunately, when it comes to financial planning, there are ways to reduce stress by introducing flexibility and improving balance within the family circus. Families don’t have to give up the present for the future – or the other way around. Instead, they can balance their short-term, mid-term and long-term needs, assigning some money each month to a variety of financial goals. The truth is, many decisions don’t have to be “one or the other” – and that gives families flexibility to plan, save and spend in a way that works best for them.

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