How to go about securing the best savings strategy in Canada. How to manage and save money without a budget – moneysense.ca “Stick to a budget” is one of the most common pieces of advice you’ll hear if you’re trying to save money. But not everyone wants to make decisions according to a spreadsheet—and there […]
There are plenty of bank savings account options in Canada! Stay on top of the best plans right here. How much to take out of your RRSP in your 60s – moneysense.ca Many retirees have the bulk of their retirement savings in registered retirement savings plans (RRSPs) or similar tax-deferred registered accounts. RRSPs need to […]
How to go about securing the best savings strategy in Canada. Student Money Guide – moneysense.ca There’s more to college and university than classes. Navigating the costs that come with a post-secondary program is just as much a learning experience as Psych 101—for both students, and the adults in their lives. The best time to […]
How to go about securing the best savings strategy in Canada. At 40, Peter makes $94,000. He owns two condos and wants a third closer to downtown Toronto. Is that the right move? – thestar.com Being an avid investor throughout his life, Peter has long been able to take advantage of GTA’s hot housing market. […]
Not sure how to make a savings plan? Read on… “Which reverse mortgage is right for me?” – moneysense.ca When Vancouver condo owners Maggie and Rob found out they were on the hook for $400,000 in improvement costs to their building and unit as required by an assessment from their Strata Council, they weren’t sure […]
There are plenty of bank savings account options in Canada! Stay on top of the best plans right here. Transferring employer pensions to LIRAs, LIFs and RRSPs – moneysense.ca Q. I have a new LIRA valued at $102,500 from leaving an old employer. Can I transfer this money to a LIF, then to an RRSP?–Andrew […]
Personal Savings getting you down? There are always smart ways to increase your savings. In Your Corner: My house is my retirement plan. Am I doomed? – thestar.com Owning a home is a great investment but we all should have other investments socked away for retirement — ideally inside a Registered Retirement Savings Plan (RRSP), […]
How to go about securing the best savings strategy in Canada. This 28-year-old Halifax resident makes $48,500 and has $20,000 in savings. She’s ready for home ownership. Can she do it? – thestar.com Elizabeth keeps her day-to-day costs low by cooking at home, socializing at home and walking to work. With no student debt, she’s […]
Not sure how to make a savings plan? Read on… My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes? – moneysense.ca Q. I have a Registered Education Savings Plan (RESP) for my three children, the youngest of whom is starting university […]
Not sure how to make a savings plan? Read on… RESP guide: Making the shift from saving for your child’s post-secondary education, to funding it – moneysense.ca A Registered Education Savings Plan is a government-sponsored investment account that’s designed to help adults save towards post-secondary education costs for the children in their lives. Canadians contributed […]