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What You Need to Know About RRIFs

What You Need to Know About RRIFs

by Financial Tech Tools | Sep 3, 2025 | 2025, Blog, investment, pension plan, retirees, Retirement

What You Need to Know About RRIFs: Turning Your RRSP Into Retirement Income As retirement approaches, many Canadians start wondering: what happens to all the savings they’ve been building in their RRSP? The good news is, your RRSP doesn’t just stop working for you...
OAS Clawback 2025: What Retirees Need to Know About the Recovery Tax

OAS Clawback 2025: What Retirees Need to Know About the Recovery Tax

by Financial Tech Tools | Jul 4, 2025 | 2025, Blog, investment, pension plan, retirees, Retirement

OAS Clawback 2025If you’ve worked hard to build your retirement income, the last thing you want is to see your government benefits clawed back. Yet for many Canadians, the Old Age Security (OAS) recovery tax—commonly called the OAS clawback—can quietly reduce this...
Tax Tips for Filing Your 2024 Income Tax Return

Tax Tips for Filing Your 2024 Income Tax Return

by Financial Tech Tools | Mar 31, 2025 | 2025, Blog, financial advice, incorporated professionals, Individuals, investment, pension plan, personal finances, Professionals, tax

The deadline for filing your 2024 income tax return is April 30, 2025. Stay informed about the latest tax changes and benefits available to maximize your savings and ensure compliance. This guide outlines the key updates and important deductions and credits separated...
Do you have enough for retirement?

Do you have enough for retirement?

by Financial Tech Tools | Jun 30, 2022 | Blog, pension plan, retirees, Retirement, RRSP, Tax Free Savings Account

Many of us dream of the day that we can retire and have the time to ourselves that we have dreamed of for so many years. But, to have a genuinely contented and relaxing retirement, you need to ensure that you have the means to afford it. So, now’s the best time...

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Hal McInerney
President, WMS Financial

Financial Peace of Mind Today and in Retirement
CONTACT US

Contact Us

T: (778) 834-5512
E: clientservice@wmsfinancial.ca

1706-1200 Aberni St.
Vancouver, BC
V6E 1A6

 

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