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The ins and outs of tax and estate planning for a RRIF Apr 3rd
Q: I’m 81, single, female, with around $265,000 in a RRIF (invested in two different financial institutions, both mutual funds). My withdrawal is about $12,000 a year.
How can I minimize tax payable (by my beneficiaries) at death?
— Lydia
A: The tax savings and deferral from contributing t.... More »
Want to save money on gifts? Embrace holiday sales, and start early Nov 23rd
Have you started your holiday shopping yet? Plenty of Canadians are hitting “Add to cart” extra-early, whether they’re buying for Christmas, Kwanzaa or Hanukkah. Last year, supply-chain issues frustrated shoppers. The shipping delays have improved somewhat this year, but now inflation and tigh.... More »
What affects the price of bitcoin? + MORE Mar 21st
I recently bought some bitcoin. I know that it’s volatile and that it will go up and down. But to better understand what’s happening, can you explain what affects the price of crypto? What makes it go down (and so dramatically)? What would make it go back up or at least bounce back? Any insights.... More »
UK Labour opposition party vows to reject May's Brexit deal - Toronto Star + MORE Sep 25th
Toronto StarUK Labour opposition party vows to reject May's Brexit dealToronto StarLONDON—Britain's main opposition Labour Party announced Tuesday it will reject Conservative Prime Minister Theresa May's proposed divorce deal with the European Union when it comes to a vote in Parlia.... More »
How to stay the course with your retirement plan during market volatility + MORE Apr 8th
Three days of wild market volatility sparked by U.S. tariffs is enough to cause any investor stress, but for those in retirement, the plunge can be extra difficult.
Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April .... More »
4 Financial Considerations to Make Before You Secure a Mortgage
– investitwisely.com
There is no doubting that buying a new home is incredibly exciting, but it is equally as stressful as it is exciting, if not more. You need to think about the type of home you want to buy, what city or neighborhood you want to buy in and make many other potentially difficult choices.In addition to that, you also need to put a lot of thought into the financial aspect of getting a home and mortgage. With that in mind, this article is going to take you through 4 financial considerations that you should make before buying a house and getting a mortgage.
Set a Budget and Stick to It
Before you even look at any homes, you need to set a budget for yourself. Most cities have houses that can range from a few hundred thousand all the way up to a few million, so there is a lot of variety. As a result, it is important to consider how much you can spend on a home, and stick to that number no matter how nice or cool many of the houses you view might be.
As for what you should set your budget at, that is completely up to you…
Twitter Inc is joining the benchmark S&P 500 U.S. index, pushing the social media company’s stock price up on Tuesday as demand surged from equities investors.
