Getting the Most from your RRSP
Posted on:Since its inception several decades ago, the Registered Retirement Savings Plan (RRSP) has become the most widely used retirement savings vehicle in Canada. In order to get the most from an RRSP, it is essential to plan ahead for future investments to avoid panicked deadline decisions or taking action without fully understanding the long-term impact. In this article we examine a number of…
Read More
"Just-In-Time" Living
Posted on:Multiple media reports note that almost 50% of Canadians have no emergency savings and are unable to cover the cost of an unexpected expense of $500 - $1000, let alone deal with an unexpected job loss. Other reports from credit agencies such as Equifax state that even a 0.25% increase in mortgage rates will cause cash flow stress for some Canadians. The good news is that changing this "just-in-…
Read More
Year End Tax Tips
Posted on:With a few weeks to go before the year-end, you may wish to think about some moves you can take now to save you some taxes for 2016. Along with the usual advice to do any tax loss selling before December 23rd on any equity investments to offset any capital gains earned in other investments during 2016, there are a few new tax planning strategies that you can take advantage of. An early November…
Read More
Saving for a Financial Emergency
Posted on:It is next to impossible to know when you might be impacted by a financial emergency; therefore, it is important to be prepared for something unforeseen in the future. Most people have heard the saying about saving money for a "rainy day". With the right forward planning, there is a great chance of being able to avoid a financial crisis should this present itself at a later date. How much…
Read More
Selecting the Right Retirement Destination
Posted on:Choosing a retirement location can be a stressful experience, especially when you combine your own questions with the pressures you might be receiving from loved ones to live near them. Here are ten tips to help ensure that your retired life is as wonderful as it can be. Do not Rush Yourself. - Determining where and how you are going to spend what should be the most restful and exciting period of…
Read More