Curious about Registered Education Savings Plans (RESPs) and if they could be the right investment account to help you save for your child's education? Check out the information below to learn more about RESPs and their flexibility in helping you save for education.
Curious about Tax-Free Savings Accounts (TFSAs) and if they could be the right investment account to help you reach your goals? Check out the information below to learn more about TFSAs and their flexibility in helping you save for various goals.
Curious about Registered Retirement Savings Plans (RRSPs) and if they could be the right investment account to help you reach your retirement goals? Check out the information below to learn more about RRSPs and how they can help you save more towards your retirement.
It’s almost time to get your 2017 income tax statements ready, and while we’re well into 2018, there is one more thing you can do to increase your 2017 tax return: contribute to your RRSP.
One of the biggest advantages of investing in a Registered Retirement Savings Plan (RRSP) is that any contributions you make will reduce your taxable income in the year the contribution is applied to. While the prior tax year is over, the government allows you to also apply contributions to the prior tax year if they are made in the first 60 days of the following year. The deadline for 2017 RRSP contributions is March 1, 2018.
There’s no question that charity is most on our minds during the holidays. There’s no shortage of office food drives, calls for volunteers at local soup kitchens, and donation boxes scattered throughout the mall. Whether you choose to participate in these activities, or you’re considering donating to a charity through the holidays and beyond, there are many ways to give back, no matter your budget.
If you’re feeling apprehensive about the cost of charity, consider these options on how to include charitable giving in your financial plan. You might be surprised at some of the items and their benefits.
No matter where you are in your personal finance journey, you're bound to have some questions at one point or another. What should you be investing in? Do you really need that insurance product everyone keeps talking about? How much is enough when you're saving towards a goal?
We may only be half way through November but there’s no denying it: the holiday season is here and, whether we’ve prepared for it or not, the rush of holiday parties, family get-togethers, gift exchanges, and planning for New Year’s Eve is right around the corner.
Image: Nathan Walker
If you own your home, there’s likely a lot of equity tied up in it, especially with the spike in house values we’ve seen the past couple years. If you’re planning on downsizing in retirement, you might be considering funding your post-work years with the money earned from selling your home. In fact, according to a recent study by the Ontario Securities Commission, nearly 4-in-10 homeowners in Ontario aged 45 and over are relying on the appreciation of their home to get them through retirement.
There seems to be a common perception that tells us investing is only for those with large budgets. It tells us that to start investing, you need thousands of dollars parked in savings to have a chance of reaching your financial goals.
We’re here to tell you that you don’t need either of those things to open an investment account. All you need is a simple plan and the commitment to stick to it.
In some parts of the world like the U.S. and the U.K., robo-advisers have been around for almost a decade; in Canada, the digital addition to the financial services industry has been more recent, withh the first few robo players launching their services in late 2014.
While there is no shortage of robo companies in North America and abroad, there is still some uncertainty when it comes to how they can form meaningful partnerships with existing traditional advisers. Before we can tackle how the two can co-exist - and thrive together - it's important to understand how robo-advisers serve clients.