Clement Chung
4545 Hastings St. Burnaby, BC, Canada

Get back to basics and keep moving forward Adopting sweeping measures to improve your finances won’t be easy, but they could be critical to reclaiming control of your future. https://bit.ly/3niiHze #tax

Estate planning essentials to ensure your wishes are carried out as intended. https://bit.ly/3vdDUOw #family

An advisor can help chart a course for success with adjustments as needed. https://bit.ly/32NTMdv #finance

Longer-term bonds can provide higher yields but are more susceptible to the risk of rising interest rates, while shorter-term bonds provide low yields in a low-rate environment but aren’t as impacted when rates rise. https://bit.ly/3tR4awO #tax

Once you’ve stabilized your finances and take a longer-term view of the future for you and those who depend on you, re-evaluate your insurance coverage status and needs. https://bit.ly/3niiHze #family

Spousal RRIFs (Registered Retirement Income Funds) are those that are established with funds originating from a spousal RRSP. https://bit.ly/2N49tcf #family

Have less cash on hand than the amount of the RRSP contribution they want to make Have sufficient RRSP contribution room to accommodate the top-up provided by the RRSP loan https://bit.ly/2LRGsju #tax

An RRSP may be a better option if your current tax rate is higher than you expect it to be when you withdraw your savings. Your advisor can help determine the best tax-advantaged investment strategy to help you achieve your goals. https://bit.ly/2N1ReUL #money

Any contributions made to that account may be claimed as a tax deduction by the taxpayer and any later withdrawal (of principal and earnings) from that account are taxable to the taxpayer. https://bit.ly/2N49tcf #invest

Interest accrues on the outstanding balance, but the loan can be paid in full without penalty at any time. Want to make an RRSP contribution in the first 60 days of the calendar year https://bit.ly/2LRGsju #finance