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This Montreal millennial couple makes $316,000 combined. Monthly child care costs? $203. With an excess in savings, they want to have their second child. What advice can they get? + MORE Feb 6th
Parents in southern Ontario may think Tommy and Victoria’s $203 monthly daycare budget is a typo, but child-care costs in Quebec are heavily subsidized by the provincial government, Jason Heath, Millennial Money financial adviser writes..... More »
What Retirees Should Know About Rising Rates + MORE Jan 20th
Believing that the Canadian economy is not yet strong enough to withstand higher interest rates, the Bank of Canada continues to leave its benchmark interest rate unchanged.
While that’s good news for those taking on debt for a house or car, the central bank’s long-running stance has exacte.... More »
Capital gains when selling property to family + MORE Apr 20th
 Q: Do I have to pay income tax if I inherited a property jointly with my sister and she bought me out for less than half the appraised value of the property?
 —Johanna
A:Â Asset sales between family members can be tricky to facilitate at a family level, let alone from a tax perspective. Ther.... More »
How to Make RRSP Withdrawals Before and After Retirement + MORE Feb 29th
Whether you are nearing retirement or are just starting to make financial decisions for your future, Registered Retirement Savings Plans (RRSPs) may be a hot topic of conversation. In both circumstances, your savings grow tax-sheltered, and your contributions are tax-deductible. Where it differs â€.... More »
TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants? + MORE Jan 23rd
A MoneySense reader writes:
I’m writing to ask about beneficiaries, successor holders and successor annuitants for TFSAs and RRIFs. What is the difference between these, and how do you choose the right one for each account?
FPAC responds:
When you have a registered account, su.... More »
One retirement planning rule of thumb aims to ensure your savings last longer than you do. But does the rule work?A bipartisan effort to cut spending could find billions in savings even while leaving the heavy lifting for later.
Say Thanks For Your Finances
– ratesupermarket.ca
Can you believe Thanksgiving is upon us already? Fall has rushed by – and the holiday (and spending season!) has arrived.
Fall and winter are traditionally the priciest times of year, but you can head off festive financial stress with our proactive guide – from saving on holiday dinners to being thankful for what you’ve got, read on for our top savings tips.
Easy Ways To Save Money On Thanksgiving
It’s time to hit the grocery store for the big bird – and that can mean big bucks. If you’ve got a horde of hungry family members coming over for Thanksgiving, you may feel a little strapped for cash.
Thanksgiving should be for gorging on food – not your spending. From spendthrift side dishes to potluck ideas, check out these frugal food options.
Read Allan’s Blog | Easy Ways To Save Money On Thanksgiving
How To Use Your Donation Tax Credit At Thanksgiving
It’s the time of year to be thankful for what we have, and to give back to other less fortunate. Never given to charity before? No problem – check out our charitable giving guide to selecting your cause, determining your tax credit, and more…
One retirement planning rule of thumb aims to ensure your savings last longer than you do. But does the rule work?
