Investments - Apex Life

RRSP 302: How to Leverage the RRSP Lifelong Learning Plan (LLP) to Support Your Career Development?

February 25, 2024
Allan Jiang

Explore the RRSP Lifelong Learning Plan (LLP) – a strategic approach for financing your education or your partner's. Discover annual withdrawal limits, repayment conditions, and ensure informed decisions for long-term financial and educational goals.

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RRSP 301: Strategically Plan Your RRSP Withdrawals

February 21, 2024
Allan Jiang

Discover effective RRSP withdrawal strategies to minimize taxes. Explore RRIFs, life annuities, Lifelong Learning Plan, and Home Buyers' Plan for tax-free withdrawals. Plan your retirement wisely with expert insights.

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RRSP 202: How does Spousal RRSP Work?

February 14, 2024
Allan Jiang

In retirement planning, the Spousal Registered Retirement Savings Plan (Spousal RRSP) stands out as a powerful tool, providing an effective avenue for income splitting between spouses. In this article, we will delve into the benefits of the Spousal RRSP and explore strategies for its effective utilization to split income and reduce the overall household tax burden.

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RRSP 201: How to Maximize Your RRSP Contribution Through an RRSP Loan?

February 7, 2024
Allan Jiang

Many people told me that RRSP is an excellent plan, and they do want to prepare for retirement early. The only problem is they don't have enough money in the bank account. I have good news for you. You can still contribute to your RRSP through an RRSP loan. It can help you maximize the RRSP contribution.

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RRSP 104: What Should I Invest in My RRSP account?

February 4, 2024
Allan Jiang

Balancing risk and return is crucial on the investment journey. Through a deep understanding of qualified assets, advantages and disadvantages of asset classes, we can formulate personalized investment plans more accurately, minimizing risks while seeking higher returns.

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RRSP 103: How Much Should I Contribute to My RRSP?

January 28, 2024
Allan Jiang

Many people ask me how much RRSP they should contribute. In RRSP 102, we discussed how to find out your RRSP's available contribution room. In this article, I will discuss how to determine the optimal contribution amount to get the most from your RRSP.

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RRSP 102: Opening Your First RRSP account, Step-by-Step Guide

January 24, 2024
Allan Jiang

After you have a basic understanding of an RRSP, we can start preparing to open your first RRSP account. Here are the steps to open an RRSP account. Step 1: Confirm your available contribution room.; Step 2: Contact your financial advisor to choose the right investments; Step 3: Verify the RRSP slip.

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RRSP 101: What is an RRSP?

January 21, 2024
Allan Jiang

The RRSP is a registered savings plan designed to assist you in saving for retirement by deferring taxes. Investing in RRSP is particularly beneficial when the marginal tax rate is significantly higher during the contribution year compared to the withdrawal year.

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How to Avoid Falling into the Superficial Loss Trap?

November 6, 2023
Allan Jiang

Key Points: The purpose of the superficial loss rules is to prevent taxpayers from immediately repurchasing the same or identical property (called "substituted property") after selling it to obtain tax advantages. Conditions triggering the superficial loss rules include purchasing the substituted property within a specific timeframe before and after the sale. The simplest way to avoid triggering superficial losses is to wait for at least 31 days before repurchasing the substituted property. Many savvy investors often review their financial situations…

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