While some financial advisors recommend the 50-30-20 rule, where 50% of your pay goes to fixed expenses, 30% to discretionary and 20% to savings, putting aside just 10%…
Read more Financial planning for the first time? A guide for women on a single income – MoneySenseRESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can give you access to government…
Read more Year-end tax and financial planning considerations – MoneySenseEarlier this year, the HBP got a significant makeover. Here’s what’s new about the HBP, plus how you can use it together with other savings tools: a first…
Read more How changes to the Home Buyers’ Plan could affect your down payment – MoneySense10 ways to use your tax refund How you choose to spend your tax refund will often boil down to your tax bracket and debt profile, Forward explains,…
Read more How long it takes to get your tax refund in Canada—and how to spend your refund – MoneySense
