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Saskatchewan Pension Plan

End of year retirement savings checklist

Posted by on Nov 9, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

November 6, 2017 — You have finally paid off the credit card bills incurred on your summer vacation. Black Friday is coming up and you are starting to get serious about Christmas shopping. But before you do, pay yourself first and top up your retirement savings. Here are some suggestions: Saskatchewan Pension Plan: If you are already a member of SPP, make sure you have contributed the maximum $2,500 for 2017. Also transfer up to $10,000/year into the plan from a Registered...

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Nov 6: Best from the blogosphere

Posted by on Nov 9, 2017 in Income Tax, Insurance, Investments, Money management, Saskatchewan Pension Plan | 0 comments

November 6, 2017 — We are again going to sample recent material from a series of bloggers who participated in The Canadian Financial Summit in September. This week headlines across the country blared that CRA has changed their position on allowing diabetics to claim lucrative disability tax credits in certain cases. On Your Money, Your Life, accountant Evelyn Jacks discusses why these changes are being made and how audit-proofing strategies must be implemented by tax professionals...

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What to look for in a long-term care home

Posted by on Nov 9, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

November 2, 2017 — When the health or capacity of a loved one deteriorates and the family decides that a nursing home is the best care option, it can be a very traumatic time for both the caregivers and the patient. You want to ensure your parent or friend is placed in a facility where they will get the best possible care in a safe, nurturing environment. However, depending on the length of waiting lists and where you live, your choices may be very limited. For example, this...

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October 31: Best from the Blogosphere

Posted by on Nov 9, 2017 in Home ownership/renting, Saskatchewan Pension Plan | 0 comments

If you buy a house or re-finance your existing home beginning in 2018, you may need a higher income to qualify for a mortgage.  Borrowers who are renewing mortgages will not have to meet the new stress-test standard as long as they stay with the same bank. However, renewals done with another lender will have to qualify under the revised standards because they require new underwriting. As Sean Cooper explains in What OSFI’s (Office of the Superintendent of Financial Institutions)...

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What you need to know about residential care for seniors in Saskatchewan

Posted by on Nov 9, 2017 in Quality of Life, Retirement, Saskatchewan Pension Plan | 0 comments

October 26. 2017 — Whether you are a member of the “sandwich generation” with young children and older parents or you are a senior yourself, sooner or later you will need to understand the residential care options in Saskatchewan for individuals who can no longer live at home, and how much they cost.  Typically, residential facilities are characterized as either retirement homes or government-subsidized nursing homes. In the discussion below we distinguish between the two, the...

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Your guide to upcoming CPP changes

Posted by on Nov 9, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

 October 19, 2017 ___ In June 2016 federal, provincial and territorial finance ministers finally reached an agreement to expand the Canada Pension Plan. However, because the changes will be phased in over an extended period, there has been considerable confusion among many Canadians about how both CPP contributions and benefits will increase, and who the winners and losers will be. The Globe and Mail reports that an expanded CPP is designed to address the shortfall in middle-income...

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