Getting a head start on year-end to-dos
With several financial deadlines and holiday planning, the first two or three weeks of December can be busy and challenging. You can reduce end-of-year stress by starting early with any of these registered plan strategies. TFSA. If you plan to make a Tax-Free Savings Account (TFSA) withdrawal in the near future, consider the timing. Withdraw […]
New parents? You can take baby steps
Having a baby is a beautiful and completely new experience, as you care for your newborn around the clock. You may never have felt so much responsibility. Caring for your baby isn’t the only part of your life that changes—your financial life also evolves. Financial changes You might pay extra attention to savings, perhaps using […]
Using an FHSA
You can contribute up to $8,000 a year to a First Home Savings Account (FHSA), to a maximum of $40,000. Your contributions are tax-deductible, your investments grow tax-free and your withdrawals are tax-free. Those are the basics, but here are some helpful tips and strategies. Using TFSA funds. You can withdraw funds from your Tax-Free […]
Saving, spending and spouses
When one spouse is primarily a saver and the other a spender, you may think it spells trouble—but that’s not necessarily so. If the couple takes the proper steps and collaborates, they can arrive at a healthy middle ground. Finding a balance Turning conflict into resolution is a process that addresses two fronts: personal and […]
The importance of including your pets in your estate and incapacity planning
Are you a pet parent – whether to a furry friend, feathered companion or another beloved animal? No matter if your companion is a cat, dog, bird, horse or exotic animal, it is important to have a plan in place to ensure they are cared for in the event you are no longer able to […]