Soaring education costs diminish RESP effectiveness: Dale Jackson With the school year a few weeks in, nerves from dropping off little ones for the first time may be diminishing, but parents will have plenty more to get nervous about as the years go by. According to a recent study from Embark, a not-for-profit resource for… Read more »
Recent changes to Canada’s capital gains inclusion rate have sparked fresh confusion among some property owners about how this will affect them, while others are just realizing for the first time that the capital gains tax might apply to them. Anyone who owns a second house or condominium should already know the tax applies to… Read more »
Gen Z finance terms, explained: from loud budgeting to doom spending and girl math. It’s all Greek to me… terms like doom spending, soft savings and girl math have been introduced by Gen Zs. Here’s what they mean. In recent years, the economy has experienced major challenges, from job losses and economic contradiction during the… Read more »
February is Psychology month in Canada. It is celebrated every February to highlight the contributions of Canadian psychologists and to show Canadians how psychology works to help – people live healthy and happy lives, communities flourish, employers create better workplaces, and governments develop effective policies. In honor of psychology month – let’s dive into different… Read more »
For the Government of Canada’s Financial Literacy Month, this year’s campaign theme, Managing Your Money in a Changing World, considers our increasingly complex and constantly changing financial marketplace and the importance of checking up on your financial health, particularly as it relates to managing and paying down debt. More Canadians are carrying large debt burdens, which… Read more »
Market volatility, investments and taxes Why do I have a tax bill for my investment even when the value has dropped? During times of volatility, it’s natural for investors to worry that their investments will lose value – in fact they may even expect a decline at times. What’s unexpected, however, is getting a tax… Read more »
TFSA vs RRSP: which should I contribute to? With a tax-free savings account (TFSA) available for saving in a tax-free environment, does it still make sense to contribute to a registered retirement savings plan (RRSP)? Tax-Free Savings Account (TFSA) – The TFSA program began in 2009. It is a way for individuals age 18 or… Read more »
During the month of November, financial services organizations throughout Canada participate in Financial Literacy Month. Advocis, the Financial Advisors Association of Canada, has created this website to help Canadians and their families achieve their financial goals. 5 Financial Indicators Every Entrepreneur Should Monitor Proper financial management is crucial because it allows you to make timely,… Read more »
Every year, thousands of Canadians fall victim to fraud. Most people don’t think it could happen to them, but fraudsters increasingly use sophisticated methods to target people from all walks of life. More and more of these schemes are being attributed to organized crime. The impact on individuals, families and businesses is devastating – retirement… Read more »
Financial Literacy Month is almost over! As we enter the last week of the month, here is the last back to basics topic for you. We hope you’ve enjoyed this as much as we have! Week four is Life Events Basics: Financial literacy hits close to home when major life events are involved. Explore the… Read more »