3 Simple Tips to Protect the Financial Health of Stay-at-home Spouses
The decision to be a stay-at-home spouse may not be very easy. There are lots of emotional and mental considerations to make, and quite justifiably so. As a stay-at-home spouse, you need to think of out-of-the-box tactics to secure your financial future. Taking all these factors into consideration, our Trust Life advisors recommend these 3 […]
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Common RRSP mistakes to avoid [Presentation]
Not all users derive the full advantage of the RRSP. If you use an RRSP, know the mistakes you must avoid when investing. Note: Registered Retirement Savings Plans (RRSPs) are still one of the best ways you can save for long-term goals such as retirement. So take full advantage of them, and avoid making the […]
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How to Teach Your Kids About Money in 2022
As a parent, you would naturally want the best for your kid. This does not always mean getting them the best clothes, the coolest gadgets or the latest toys. It most likely means you would want them to have a safe and secure life. Teaching your kids about money can go a long way in […]
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Why does it make sense to make RRSP a year-round priority?
It’s tax time! And we know all you are hearing right now is RRSP benefits and how much you should contribute in it to save your taxes. Then, another situation crops up. You want to invest $5000 in a RRSP but you don’t have the cash available. Hence, we always recommend to make RRSP a […]
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Why Should You Invest in RRSP This Tax Season?
The Registered Retirement Savings Plan, or the RRSP, lets you save money over your lifetime by giving you tax benefits. The two key benefits of RRSP are: The amount that you contribute to RRSP can be deducted from your taxable income. This entitles you to a tax refund. The interest that you earn in your […]
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What are the benefits of investing in an RRSP and the TFSA?
You might have questions about what’s the best savings plan for you, and that is perfectly normal. The first thing that you should do is to ask yourself, “Am I saving for the long term or for short and medium term goals?” Your answer would determine whether you should invest in an RRSP (Registered Retirement […]
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RRSP or TFSA Withdrawals Before Retirement: Here’s what you need to know
You have had an RRSP or a TFSA in place for quite some time. Now that you have watched your money grow in any one (or both) of these plans, you may want (or need) to use it. There are quite a few ways to use your RRSP or TFSA savings before your retirement. Here’s […]
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Why should you have Guaranteed Investment Funds in your RRSP portfolio? [Presentation]
With the RRSP deadline coming up fast, it’s a good time to review your investments, and make any last-minute contributions. Guaranteed Investment Funds (also known as Segregated Funds) can be an excellent option to complement your RRSP portfolio. Guaranteed Investment Funds (GIFs) help to grow and protect your hard earned savings with the added security […]
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RRSP – Everything You Need to Know [Presentation]
RRSP (Registered Retirement Savings Plan) is a personal savings plan that lets you save for your retirement on a tax-sheltered basis, so your money grows faster! Start your RRSP as young as you can preferably during this tax season. Small contributions when you are young will compound beyond your expectation! Know everything about RRSP in […]
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