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Some seniors who have Registered Retirement Savings Plans are under the misconception that they have to cash them and take them in income by Dec. 31 of the year they turn 71, says Dale Ennis of Bath, publisher of The Canadian Money Saver. Unfortunately,
Some seniors who have Registered Retirement Savings Plans are under the misconception that they have to cash them and take them in income by Dec. 31 of the year they turn 71, says Dale Ennis of Bath, publisher of The Canadian Money Saver. Unfortunately,

Some seniors who have Registered Retirement Savings Plans are under the misconception that they have to cash them and take them in income by Dec. 31 of the year they turn 71, says Dale Ennis of Bath, publisher of The Canadian Money Saver. Unfortunately,

Date3/9/1984
Names
(photographer)
Format
Medium
Language
ProvenanceFrom the Toronto Star Archives
CollectionToronto Star Photograph Archive
Usage Rights Copyright (Learn More)
Copyright HolderToronto Star (Firm)
Call Number / Accession NumberTSPA_0127053F
An Income Tax Act provision that compels 71-year-olds to cash in their retirement savings plans or buy annuities is not unlawful discrimination based on age, a Supreme Court of Ontario judge has ruled. Mr. Justice Alvin Rosenberg yesterday dismissed an ap
An Income Tax Act provision that compels 71-year-olds to cash in their retirement savings plans or buy annuities is not unlawful discrimination based on age, a Supreme Court of Ontario judge has ruled. Mr. Justice Alvin Rosenberg yesterday dismissed an ap
11/13/1985
In agony: Anthony and Gina Ennis, children of slain cabble Norman Ennis, plead for assistance in the investigation at a news conference yesterday
In agony: Anthony and Gina Ennis, children of slain cabble Norman Ennis, plead for assistance in the investigation at a news conference yesterday
12/30/1991
Canadian government war-savings stamps : what they are and why you should buy them : the war-savings plan
Canadian government war-savings stamps : what they are and why you should buy them : the war-savings plan
1918
Ennis & Co., manufacturers of pianos
Ennis & Co., manufacturers of pianos
1900
Money-saving advice: Chartered accountant David Louis, here with a client, says you may be able to save hundreds of dollars on your tax return if your spouse is entitled to certain deductions but lacks the income to use them
Money-saving advice: Chartered accountant David Louis, here with a client, says you may be able to save hundreds of dollars on your tax return if your spouse is entitled to certain deductions but lacks the income to use them
3/3/1982
Bob Brophy: Founder is currently offering seniors a 2-for-1 membership to his discount savings club.
Bob Brophy: Founder is currently offering seniors a 2-for-1 membership to his discount savings club.
7/19/1984
Peter Pocklington, Hustling for the Tory leadership while a company he controls plans to swap Toronto apartments for a U.S. savings and loan firm
Peter Pocklington, Hustling for the Tory leadership while a company he controls plans to swap Toronto apartments for a U.S. savings and loan firm
10/25/1982
More options: New rules allow you to withdraw lump sums at will from a Registered Retirement Income Fund
More options: New rules allow you to withdraw lump sums at will from a Registered Retirement Income Fund
1/23/1987
Empty pocket tells its tale as 32-year-old Guido Biance shows his 20-year-old wife, Fanny, where their $2,800 life savings were kept before he lost them yesterday.
Empty pocket tells its tale as 32-year-old Guido Biance shows his 20-year-old wife, Fanny, where their $2,800 life savings were kept before he lost them yesterday.
1/2/1970
Fine baskets like these are an important item in the reserve's cash income and the department of Indian affairs finances the sale of them. The smaller(...)
Fine baskets like these are an important item in the reserve's cash income and the department of Indian affairs finances the sale of them. The smaller(...)
3/9/1946
Marsha and Joel Cohen still live in the Markham home they bought during the 1982 recession and they have no plans to move. They took a chance and it paid off, allowing them to purchase factory space for their growing store-building business.
Marsha and Joel Cohen still live in the Markham home they bought during the 1982 recession and they have no plans to move. They took a chance and it paid off, allowing them to purchase factory space for their growing store-building business.
6/4/1990
Seniors in step, Members of the West Scarborough Seniors Club have formed a dance team that visits other seniors and schoolchildren. The dancers have (...)
Seniors in step, Members of the West Scarborough Seniors Club have formed a dance team that visits other seniors and schoolchildren. The dancers have (...)
1/28/1988