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Are you worried about your financial situation? - Poll Castanet.netBritish Columbians' debt anxiety mounting amid inflation, interest rate hikes: surveys | Globalnews.ca Global NewsCanadians more worried about rising debt amid high cost of living: MNP BNN BloombergIn.... More »
Multigenerational Home Renovation Tax Credit: What is it and do you qualify? + MORE Sep 8th
Thinking about asking a senior-age parent to move in with you? If this involves renovating your home to create a secondary unit for them, you may qualify for a new federal tax credit: the Multigenerational Home Renovation Tax Credit (MHRTC).
Multigenerational households—those composed of three .... More »
GameStop stock sees price drops after restrictions put on trades - CBC News: The National Jan 29th
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CIBC, National Bank ask employees to work remotely as Omicron worries grow - CTV News + MORE Dec 15th
CIBC, National Bank ask employees to work remotely as Omicron worries grow CTV NewsNational Bank latest financial institution to delay return to office plans Yahoo Canada FinanceCity of Ottawa pauses return-to-office plan for employees CTV News OttawaCOVID-19 variant.... More »
Apple's rumored iPhone satellite support may be for emergency calls and messages - Yahoo News Canada Aug 31st
Apple's rumored iPhone satellite support may be for emergency calls and messages Yahoo News CanadaiPhone 13 satellite rumour may not be about satellites at all MobileSyrupApple to Add Satellite Tech into iPhone for Emergency Reporting Features: Gurman iPhone in Canad.... More »
Like any good urban legend, there’s always a friend of a friend who traded in their paper-thin, 400-square-foot apartment for a dirt-cheap dream house in an idyllic town.
And as the pandemic goes on, the lack of cultural events, limitations to restaurant dining and public transit, and ever-crowded streets have all contributed to a desire to flee urban centres. And if you’re working from home, why pay the overhead for an expensive downtown home office? A lot of city-dwellers feel like the premium they’re paying for proximity to those perks and their workplace just isn’t worth it right now.
But, do you really get the full farm for the cost of your condo?
Sure, some things like cost per square foot are cheaper, but there are glaring financial blind spots to leaving the city. Julie Cowan, a relocation specialist and owner of Relo To, a relocation and destination services boutique company, advises clients to “worry in the right order” when considering a move. Not bad advice for most things in life…
And as the pandemic goes on, the lack of cultural events, limitations to restaurant dining and public transit, and ever-crowded streets have all contributed to a desire to flee urban centres. And if you’re working from home, why pay the overhead for an expensive downtown home office? A lot of city-dwellers feel like the premium they’re paying for proximity to those perks and their workplace just isn’t worth it right now.
But, do you really get the full farm for the cost of your condo?
Sure, some things like cost per square foot are cheaper, but there are glaring financial blind spots to leaving the city. Julie Cowan, a relocation specialist and owner of Relo To, a relocation and destination services boutique company, advises clients to “worry in the right order” when considering a move. Not bad advice for most things in life…
How to make your retirement savings go farther and last longer
– moneysense.ca
If you are like most Canadians, the investment choices you make during your working years may have a significant impact on your retirement. But the importance of smart investing doesn’t end when you retire. In fact, post-retirement investing can have an even larger impact on your retirement well-being. There are two reasons why.First, retirements are much longer now. Many Canadians are living well into their late 80s and 90s. At the same time, many are retiring, semi-retiring or switching to less remunerative pursuits earlier. So, those leaving full time work at age 60 or 65 must consider the potential for a retirement of 30 years or more. As a result, many will be investing for a longer time period after their retirement date than during their working years.
Second, there is more money at stake. Hopefully your nest egg will grow as you approach retirement (assuming decent market conditions). Also, at some point you may receive a large cash infusion from an inheritance, from downsizing your residence, or selling a business…
