First Home Savings Account: A Tax-Free Way to Save for Your First Home
Buying a home is a major milestone in many people’s lives. It is a significant investment that requires a considerable amount of money, planning, and commitment. Saving for a down payment can be challenging, especially for first-time homebuyers who are just starting to establish their financial footing. Fortunately, the Canadian government has introduced the First […]
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8 Tips to Save Tax on Your Business in Canada
As a small business owner, you would naturally want to minimize your tax liability as much as possible. That way, you have more funds at your disposal to build and grow your business, and if you ever decide to sell, there will be more profit left over for you. Here are five tips to help […]
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Are you ready for your Retirement? [Presentation]
Retirement opens up a seemingly limitless world of possibilities. But all those choices can be a bit intimidating. The good news is with a bit of care, forethought and preparation, you can not only plot out a successful, fulfilling retirement, but also ensure you’ll have the funds on hand to pay for it. The following […]
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5 Smart Ways to Save for Your Child’s Future
As a parent, you would naturally want to do the best for your child. But that can be quite expensive. Clothes, food, toys, education, books, sports – it all adds up! In fact, many parents are compelled to borrow or know someone who has borrowed to pay for their child’s co-curricular or extracurricular activities. With […]
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How to Reduce Financial Stress
Most people consider health in terms of physical and mental health. However, one important pillar that often gets overlooked causing more stress than health, work, and personal relationship is your financial health. While financial health has different meaning to different people, it ultimately comes down to the current state of an individual’s financial condition (including […]
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Is an RRSP Right for You in Your 30s?
If you’re in your 30s, you might be wondering whether it’s too early to start contributing to an RRSP (Registered Retirement Savings Plan). It’s not. With the help of this article, you can learn whether or not an RRSP could benefit you and get the facts about how much you need to contribute to maximize […]
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What to Consider before becoming Self-employed
Being self-employed means being in control of your work and earning an income through independent contracts with businesses, instead of getting paid a regular monthly salary by an employer. Self-employed people typically fall under three categories: Independent contractors who are business owners or freelance workers. Unincorporated sole proprietorships where there is only one owner. Business […]
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How to save for your grandchildren’s education [Presentation]
The bond between grandparents and grandchildren is special. You get to share your wisdom and stories with eager listeners and occasionally, you get to treat them to ice cream before dinner. If you’re able, you may also want to plan to leave a legacy for your grandchildren. One of the best ways to set them […]
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5 Best Ways To Save Your Taxes [Presentation]
Filing taxes does not have to be stressful. There are many strategies you can use to save on your taxes, such as considering when to file, what to write off as tax-deductible, and how to maximize the use of tax-free savings accounts, among other things. The following tips can help. Know more about tax-saving […]
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What Does it Mean to Protect Your family? [Presentation]
Points to note: Life insurance is used to protect your loved ones from the consequences of your death. The financial impacts for your loved ones include funeral expenses, debts and income replacement. In life insurance, you insure yourself to protect your loved ones. It’s as if by putting on a helmet on your head, your […]
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