Tax time is fast approaching and we should look at ways to lower our tax payable, with an eye on building up our retirement nest egg.
If you can combine the two, lowering your income tax by contributing to one of the many types of R.S.Ps and building your retirement fund.
There are some good tax advantages if you do this. With great returns compared to what you can get in the marketplace today.
I does not appear there will be much chance in getting higher returns, from your investments in the short term.
If you increase your risk, maybe, you will get higher returns, or loose a big chunk of your investment.
This is not a good time for the faint of heart.
After a year and a half of retirement, the focus on what is important and what is not, is becoming much clearer as time passes by. At this point in time they are, keeping healthy, both in mind and body and being wise in our investments, so we can get a return and hopefully be able a little more comfortable in our later life.
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