The Financial Pitfalls Of Downsizing
There can be unforeseen financial challenges when downsizing that can end up costing you more money than you anticipated.
Finance: To Move Or Not To Move?
An overwhelming number of Canadians over the age of 65 want to stay in their family home. A survey, commissioned by Home Equity Bank and conducted by Iposos, revealed that 93 per cent wanted to stay in their current home throughout their retirement.
When it comes to saving for retirement, it’s recommended to save 10 per cent of your after-tax income from the day that you start working full time. If you do this, you should have enough money to retire at the age of 65.
Finance: Individual Pension Plans
As a result of the February 2018 Federal Budget, which clarified the rules of how passive investment income will be treated in a corporation, business owners should be looking carefully at IPPs (Individual Pension Plans).
Finance: Lessons Learned
Sears Canada permanently closed their doors as of January, 2018. Like Simpsons, Eaton’s and Simpson Sears before them, these iconic stores are all part of our history.
Outdated Rrsps: The Registered Retirement Savings Plan Was First Introduced In 1957
The Registered Retirement Savings Plan (RRSP) was first introduced in 1957. It’s a great way for your investments to grow, tax free, while you’re still working.
Finance: Aging Parents And Money
Chances are, you’re the go-to person for everyone when it comes to fiscal advice, but it’s especially important to make yourself available to assist your parents with their financial options.
Finance: Make A Plan And Map Out Your Financial Goals
There’s an old saying – if you fail to plan, you plan to fail. When it comes to your finances, this is particularly true.
Finance : Wedding Favours
We’re well into the wedding season, and along with it comes some hefty expenses. Whether you’re getting married, are a parent of the bride or groom, are in the wedding party or are attending as a guest, the cost to take part can be exorbitant.
Finance - Women Need To Save More
Gender gap prevalent when it comes to retirement. Women haven’t always made saving for retirement a priority.