How to keep your holiday spending in check Dec 2nd

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How does income from a rental property create RRSP contribution room? + MORE Jan 13th

Q. I understand that net rental income creates RRSP contribution room—so, even as a retiree, I should be able to accumulate additional RRSP room. Does foreign net rental income add to RRSP room? When I do my Canadian taxes using tax preparation software, the reported net foreign rental income does.... More »
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that is?   
It’s no secret that people across the country are struggling with balancing their debts, paying their bills on time and trying to save for emergencies or retirement. As a financial counsellor who works with individuals to improve their financial situations, I see all the time how the struggle is real. But saying that you plan on spending less this holiday season and actually putting your money where your mouth is are two very different things. Not only that, if you don’t start taking steps to improve your finances right now, you won’t just be forced to cut your holiday spending this year. You may also be affecting some big financial goals you’ve got for the future—like being approved for a mortgage so you can finally become a homeowner…

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