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Having a will is essential (and easier than you think) + MORE Jun 18th
Writing a will is one of those things that tends to sit on your to-do list indefinitely, right up there with organizing old paperwork or finally cleaning out the basement. You know it matters and that you’ll get to it eventually, but it never seems to make it to the top of the priority list.
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Why healthy money conversations are key to building wealth together Jul 8th
When it comes to building wealth, most people focus on investments, debt levels, or market performance. But what if the real threat to your financial future isn’t any of those? According to Co-authors of Money Together, Heather and Douglas Boneparth, the biggest risk is hiding in plain sight: the .... More »
Synthetic identity fraud: The scam where there’s no real victim to find + MORE Sep 16th
Ever heard of synthetic identity fraud?
It’s a kind of fraud that costs Canadians billions of dollars every year, but awareness around it is lacking. A victim may not even know they’ve been victimized.
Equifax Canada notes that synthetic identity fraud can be difficult to detect with tradi.... More »
Apple's Big Siri AI Reveal: Smart Catalyst for Long-Term Investors or Just Marketing Noise? - The Globe and Mail Jun 10th
Apple's Big Siri AI Reveal: Smart Catalyst for Long-Term Investors or Just Marketing Noise? The Globe and MailApple’s new Siri is a dark horse in the AI race The EconomistApple unveils next generation of Apple Intelligence, Siri AI, and more AppleWhy Apple (AAPL) S.... More »
How to build a financial plan when your income is unpredictable + MORE Aug 14th
A lot of mainstream financial advice operates under the assumption of predictable paycheques and enough financial cushion to comfortably optimize for retirement, investing, or home ownership. But when you’re self-employed, money management tends to look a little different.
I’ve been a freelan.... More »
What is the Saskatchewan Pension Plan?
– moneysense.ca
The Saskatchewan Pension Plan (SPP) was introduced in 1986 and was originally intended to help part-time workers, the self-employed, or others without access to a pension to save for retirement. Over time, it has evolved and become more appealing to both individuals and businesses.
Who can join the Saskatchewan Pension Plan?
Despite being a provincial initiative, the SPP is available to all Canadians. It is now the country’s 21st-largest defined contribution pension with over $800 million of investment assets and more than 33,000 members.
You can open an account online if you’re between the ages of 18 and 71. There are no minimum contributions, so deposits are entirely voluntary. You can contribute with automated withdrawals or lump sum deposits.
Contribution limits were originally quite low but in 2023, the SPP removed the annual contribution limit. Now, contributions are based on an accountholder’s registered retirement savings plan (RRSP) room, just like an RRSP account…
