What's Your RRSP Withdrawal Strategy?
Written by The Le Roy Financial Group   
Thursday, 20 July 2017
Here are some thoughts on planning ahead for the withdrawal of RRSP/RRIF funds to help minimize taxes. Many of us do a good job of maximizing contributions to the Registered Retirement Savings Plan (RRSP), but we often forget to plan our future exit strategy for these funds. In most cases, postponing withdrawals until retirement makes sense as most individuals have a lower marginal tax rate in retirement. Since every dollar withdrawn from the RRSP (or Registered Retirement Income Fund (RRIF), if converted from an RRSP by the end of the year in which a plan holder reaches age 71) will incur tax at regular income rates, this can create a major tax liability. Having an exit strategy can help to minimize these taxes. Read more
Happy 150th Birthday, Canada!
Written by The Le Roy Financial Group   
Sunday, 25 June 2017

As we celebrate Canada’s 150th birthday, let’s consider just how far we’ve come. At the start of Canada’s centennial celebration 50 years ago, Prime Minister Lester Pearson declared that it was “a time of assessing our place in the world community”. An article in the New York Times in 1967 painted a less than rosy picture of Canada’s prospects for global prosperity, describing Canada as “not exactly a land of milk and honey.”

Back then, we were a nation of only 20.4 million people, a time when the average home cost only $24,000, gas cost 9c/L and milk just 25c/L. Although the economy was performing well, the prevailing issues included inflation, largely driven by higher input costs, and declining productivity.

In 1967, the Toronto Stock Exchange (TSE), with roots extending before Canada’s birth, attracted foreign interest largely for its “potential”. Criticized for not having the depth or breadth similar to the New York or London exchanges, the TSE still included a variety of blue chips like International Nickel, Falconbridge, Canadian Pacific and Weston.

Fast forward to today and Pearson would be proud.

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Investing and the Gender Question
Written by The Le Roy Financial Group   
Wednesday, 10 May 2017
Are there differences between men and women when it comes to investing behaviour? Although much research has been done to explore gender differences in investing, often with conflicting results, there are certain life situations that are more likely to be experienced by women than men: Read more
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