The goal of going through a planning process is to discover what is possible by playing out “what if” scenarios. Once you see a path that will lead you to the life you want, do the things you need to do to stay on that path. Again, things will change – some good, some bad […]
That said, this tax credit isn’t a big deal for most people, and in some cases it’s better not to convert an RRSP or LIRA to a RRIF or LIF to qualify for the credit. In 2025, the maximum federal tax savings will be $290 (for my calculations, read on). You can save a little […]