Income Tax Preparation
The Canada Retirement Information Centre provides FREE tax preparation service for clients and their spouses.
Since 1980 we have helped thousands of people get the most out of their retirement. Let us help secure your retirement!
We can reduce the taxes and expenses of your estate and ease and expedite the transition of assets to your beneficiaries.
Use the calculators to try different scenarios when budgeting, saving, tax planning and planning for your retirement.
“The Canada Retirement Information Centre is a Financial Services Corporation with a pledge to excellence. We provide clients with customized retirement solutions that will succeed even during the most challenging of times by offering financial concepts and products that provide security, flexibility and good value.” This was Fred Bowie’s mission when he first started in business on May 15, 1980 and it has been the guiding principle of Canada Retirement Information Centre for over thirty years. Since that time, the Canada Retirement Information Centre has helped thousands of people get the most out of their retirement. Convinced that managing retirement savings should be more than a 10 minute talk over a bank counter, Fred set out to build a company of top flight Retirement Income Option Specialists dedicated to providing sound retirement income, tax and estate planning advice to people who are retired or about to be. When most financial institutions and sales people just wanted to “sell you a product,” Canada Retirement embraced the principle of their exclusive “Power of Three.” All of the staff are committed to providing clients with the BEST ADVICE, a clear explanation of INVESTMENT TOOLS, and ongoing EXCELLENT SERVICE. In 1992, sharing the same vision as Fred, Franco Frangione joined Canada Retirement as partner and President. Both Fred and Franco have appeared frequently on television and radio including, CFRA’s “Experts on Call” and “It’s Your Money,” CHRO TV’s “Focus on Retirement,” Lite 101’s “Wednesday Night Profile,” and “Winning Retirement Strategies” on OLDIES 1310. Their expertise in retirement income, tax and estate planning for Canadians has been mentioned widely in the media. They have also been featured on CTV’s National News. Fred and Franco, along with all of the members of the Canada Retirement team, bring a warm and friendly spirit to their company and the many people they serve. Their informal, down-to-earth and common sense approach has earned them the reputation as top Retirement Income Option Specialists. Fred and Franco strongly believe in giving back to the community that has been so good to them. Over the years, they have supported numerous worthwhile charitable organizations, such as: the Catholic Education Foundation of Ottawa-Carleton, Youville Centre, Alzheimer Society, Big Sisters and Big Brothers of Ottawa, Kidney Foundation of Canada, Ottawa Little Theatre and many more. The Canada Retirement Information Centre is licensed with the Financial Services Commission of Ontario and is a member of the Better Business Bureau of Eastern Ontario, and Advocis – the Canadian Association of Insurance and Financial Advisors.
Good question. Many retirement income planning tools use a percentage of income to determine an income need in retirement and then calculate an amount needed to provide that income. However, people with similar incomes often have different spending and lifestyle habits. This can affect their actual income needs in retirement. It is still important to Read more about How Much Will I Need To Retire?[…]
The primary purpose of estate planning is to make sure all your affairs are dealt with in a timely, cost effective manner. Our world has become more and more electronic based over the past few decades, and will only become more so. Many of our “things” are actually digitally based today. Consider the following in Read more about What About your Digital Estate?[…]
Financial fraud is still the most prevalent crime today. The Internet is also making it easier for fraudsters to do their deeds from just about anywhere in the world. According to scambusters.org, money wiring and re-loadable cards are the most difficult to trace and make certain frauds that much easier: Advance Payment – The victim Read more about Financial Fraud Prevention Tips[…]
We live in a materialistic world. The more nice “stuff” people accumulate, the bigger the target for burglars and thieves to try to take it away for quick cash. With the summer vacation season upon us and warmer weather tempting us outdoors, we may be unwittingly making ourselves easier targets. Here are a few things Read more about Beware of the Summer Burglar Season[…]
“The primary difference between the wealthy and the rest of us is that they’re in control of their money – they don’t let money control them,” says Jaime Tardy, a business coach and author of The Eventual Millionaire, who has interviewed more than 150 millionaires on how they accumulated their wealth. The wealthy weren’t born Read more about Millionaires Don’t Make These Mistakes[…]
The results of a recent poll reported by Fidelity Investments stated that 71% of retirees who worked with a financial advisor have the retirement they were hoping for. Of those retirees who did not use an advisor, only 53% have the retirement they had hoped for. Additionally, 52% of pre- retirees expect to continue working Read more about How to Benefit from Using a Financial Advisor[…]
As the sovereign debt crisis makes its way around the world, creating havoc in its wake, we can be thankful that Canada has weathered the storm in fairly good shape. The media has given us a play-by-play on the action and many people are concerned with the outcome. While we can’t solve the sovereign debt Read more about How to Achieve Personal Financial Sanity[…]
The Baby Boomers have become known as the “sandwich” generation as they are wedged between the dependency needs of aging parents and the needs of their children. Those hit the hardest have been the families ravaged by the onset of dementia or Alzheimer’s disease. Baby Boomers now find themselves reaching the age when the disease Read more about The Financial and Emotional Ravages of Alzheimer’s[…]
Sole proprietorship’s are the most basic form of business organization. They are actually an extension of the person and are taxed as such. Due to its simplicity, many business start-ups begin as this form of organization. As your business grows, there are numerous taxation benefits to setting it up as a corporation. Speaking to a Read more about Tax Planning Strategies For Sole Proprietors[…]
Statistics Canada recently reported the ratio of household credit market debt to disposable income reached the highest level since the agency began tracking this figure. In 1990 it was 50%, rose to 110% in 2000 and jumped to 149% in the second quarter of 2011. This can cause some angst for those with children Read more about Debt Reduction As Retirement Savings Strategy[…]
Most people want financial freedom over financial servitude. Who doesn’t want to be financially independent, where their money is working for them rather than working for their money? The problem for most Canadians is that financial freedom can be a struggle of living paycheck-to-paycheck or where spending tends to win out over savings. Ultimately, Read more about Small Daily Choices Lead To Financial Freedom[…]
The 183-Day Rule: Important Information for Snowbirds Do you migrate south to avoid the cold, harsh Canadian winters? As a snowbird, there are numerous United States tax policies that you should be aware of. If you are not mindful of these tax regulations, you could be responsible for paying U.S. income tax or face penalties Read more about The 183 Day Rule[…]