The housing market in Canada seems to be the craze these days, with millennials facing the challenge of finding affordable housing for their first home investment. To help make your house hunt a little easier, we share 5 tips for first time home buyers.
When it comes to saying I do, love isn’t all you need. When the average cost of a wedding in Canada is $30,000, tying the knot requires a big financial commitment, if you’re going the traditional route. There’s no doubt about it: weddings are expensive. We share 9 tips to save money on your wedding.
We’ve all felt it: the urge to buy a property in the sun. It usually manifests right after a vacation, once you leave an island paradise wanting to go back for more. A second home purchase is a big deal. A furnished, comfy, home-away-from-home in the likes of Lake Tahoe or Daytona Beach come with spectacular scenery, an even better climate, and a price tag. But vacation homes don’t have to exist only in your dreams. Are you ready for the investment? Here are 7 factors to consider when buying a vacation home.
A recent article published in Benefits Canada pointed out that the majority of Canadians don’t know how Tax Free Savings Accounts (TFSA) work. The TFSA is a tax-sheltered account for Canadians in which any gains or income earned in the account are tax-free, even when the money is withdrawn. Because income is not taxed, your earnings grow quicker than they would in a taxable account since any money that would have been withdrawn to pay taxes instead earns income for you.
It was in the summer of 2013 that I was planning to get a new mini-van to replace my old workhorse. I’d set up an appointment with a personal banking associate at my bank to review the various financing options available to me. As the meeting was wrapping up, the associate told me that I was ‘eligible’ for financial planning services offered by the bank.