Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start? + MORE Dec 22nd
Mel would also like to save enough for retirement, at least $1 million each for him and his wife, and also purchase a second real estate property to rent out..... More »
How to save (and invest) your first $100,000 + MORE Mar 28th
A popular milestone goal for young adults just starting out is to save $100,000 cash. YouTube and TikTok are buzzing with videos on this very topic, and it makes sense—$100,000 is enough to give you financial breathing room and life-changing options, like making a down payment on a condo or house,.... More »
U.S. withholding tax in an RRSP for Canadians + MORE Aug 3rd
I have EPD stock in my RRSP for their dividend payments (about 7%). What a surprise I had—even when in an RRSP—I had to pay about 30% tax on these dividends. EPD is registered in Louisiana. —Wanda
How much is withholding tax on U.S. dividends?
I am going to provide a brief summary of U..... More »
How much of a pension does a survivor receive? + MORE Jun 27th
Ask MoneySense
When my husband dies, do I still receive his or a portion of his pension, and if so, how do I find out what it is?
–Donna
Pensions can make up a significant portion of a someone’s income in retirement. As a result, it is important to understand what happens if a spouse—or.... More »
Stock market news for investors: Shopify’s new exchange, Google’s acquisition, Nvidia’s launches and OTPP’s performance Mar 21st
Here’s a round-up of news for Canadian investors this week.
Shopify
Google
Nvidia
Ontario Teachers’ Pension Plan
Featured RRSP Accounts
featured
EQ Bank
Build your retirem.... More »
When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to think about their own mortality and, unfortunately, a legal will is one of those things that becomes crucial only after you’re gone.
More than half of Canadian adults—57%—don’t have a will. And of those who do, many are out of date because life events like marriage, divorce or the arrival of children haven’t been factored in. If you pass away without a will (what the courts call “intestate”), it doesn’t mean the government can take your money—that’s a common myth. It does mean they get to decide how your assets will be distributed, and you may not have say over who takes care of your children.
So, just like every responsible adult needs life insurance, retirement savings and an exercise routine (thanks a lot, slowing metabolism), creating a will is a key “adulting” milestone…
More than half of Canadian adults—57%—don’t have a will. And of those who do, many are out of date because life events like marriage, divorce or the arrival of children haven’t been factored in. If you pass away without a will (what the courts call “intestate”), it doesn’t mean the government can take your money—that’s a common myth. It does mean they get to decide how your assets will be distributed, and you may not have say over who takes care of your children.
So, just like every responsible adult needs life insurance, retirement savings and an exercise routine (thanks a lot, slowing metabolism), creating a will is a key “adulting” milestone…
