Finance
What replacing my tires taught me about planning for retirement
[ad_1] When my family and I moved to Canada seven years ago, we spent months driving through neighbourhoods trying to decide where we wanted…
Tag: TFSA
Finance
A practical guide to investing at every life stage – MoneySense
[ad_1] As your financial needs change from early career to mid-life to pre-retirement to retirement itself, so, too, should the way you approach your…
Finance
Your TFSA reset for the new year – MoneySense
[ad_1] New TFSA contribution room Every Canadian resident aged 18 or older has $7,000 of new TFSA room as of January 1, 2026. This…
Finance
5 money moves to make before the end of the year – MoneySense
[ad_1] 1. Revisit your budget Budgets are a great tool to help you stay on track with your spending and savings goals, but they…
Finance
What’s more important: your wealth or your legacy? – MoneySense
[ad_1] Let’s dig into this by first understanding what will happen if your dad continues doing what he is doing and he doesn’t add…
Finance
Financial planning for the first time? A guide for women on a single income – MoneySense
[ad_1] 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…
Finance
How to renovate your home on a fixed income – MoneySense
[ad_1] But just because you’re on a tight budget doesn’t mean you’re stuck with your dated décor and dysfunctional layout. There are options, even…
Finance
Year-end tax and financial planning considerations – MoneySense
[ad_1] RESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can…
Finance
25 personal finance highlights from the last 25 years – MoneySense
[ad_1] 17. 2018: Transitioning to more protectionist policies, the United States initiated a renegotiation of the North American Free Trade Agreement (NAFTA)—brought into force…
Finance
How to invest tax-free in a bitcoin ETF in Canada – MoneySense
[ad_1] Investment Investment account Purchase price Sale price Gain Capital gains tax After-tax gains Bitcoin Non-registered $23,500 $61,000 $37,500 $3,750 $33,750 Bitcoin ETF TFSA…
Finance
New to Canada and no pension: How to save for your retirement – MoneySense
[ad_1] The difficulties facing newcomers to Canada with respect to retirement planning are particularly acute. Given how Canada’s immigration points system works, economic immigrants…
Finance
How to plan for retirement when you have no pension – MoneySense
[ad_1] Retirement OAS payment dates in 2024, and more to know about Old Age Security Here’s how Canada’s Old Age Security pension program works,…
Finance
How to manage as a single parent with no pension – MoneySense
[ad_1] “If someone’s not lucky enough to have a company pension, it’s that much more crucial for them to be building up savings on…
Finance
Which savings should retirees draw down first? – MoneySense
[ad_1] Working as a financial planner, I am often asked, “What is the most tax-efficient way to draw down on investments?” From the outset,…
Finance
40 and no pension: What do you do? – MoneySense
[ad_1] It’s not as big a problem as you might think. The key is to try to mimic the pay-yourself-first approach by setting up…
Finance
How changes to the Home Buyers’ Plan could affect your down payment – MoneySense
[ad_1] Earlier this year, the HBP got a significant makeover. Here’s what’s new about the HBP, plus how you can use it together with…
Finance
Can you transfer a RRIF to a TFSA—and what are the tax implications? – MoneySense
[ad_1] Can you transfer a RRIF to a TFSA? A RRIF is a tax-deferred account. A TFSA is a tax-free account. So, you cannot…
Finance
Why are fertility treatments so expensive in Canada? – MoneySense
[ad_1] Ribecco’s journey, however, shows the enormous potential expense of just conceiving a child—let alone the cost of raising one. National Bank, citing Statistics…
Finance
How long it takes to get your tax refund in Canada—and how to spend your refund – MoneySense
[ad_1] 10 ways to use your tax refund How you choose to spend your tax refund will often boil down to your tax bracket…
Finance
Should you max out your RRSP before converting it to a RRIF? – MoneySense
[ad_1] I am guessing you have downsized your home to move to a condo and now have money to contribute more to your registered…