Are you a new earner looking to make a plan for your money? With so many savings and investing options, it can be overwhelming to get your finances on the fast track. That’s why we’ve created this handy investing guide, brimming with basic do’s and don’ts for savings vehicles, RRSPs, mutual funds and more.
The Registered Retirement Savings Plan (RRSP) deadline of February 29 recently passed. Were you one of those people making a late night appointment with your banker or investment advisor to top up your savings? If you were, did you feel a little like the student cramming for an exam — a student who would have been better of studying less over a longer term? Rushing to deadlines when it comes to tax incentives is not the best approach. Having an all-year plan is much smarter.
Thinking about getting a financial advisor? Choosing the right one is important. When you sit down with a few potential advisors, here are some questions you will want to ask.
When you have kids, there’s so much more to do. Of course, you have to take care of them, and that sure takes up a lot of time. But also, you need to get certain financial arrangements in order to ensure they’ll be taken care of properly for a long time.
Let’s go through the budget and see what changes might have an impact on you and your family when (and if) it is passed.
March 1 is coming! It’s RRSP deadline time! Every January and February, the financial services industry comes alive to encourage us to buy RRSPs (registered retirement savings plans) to fill up our contribution room for the previous tax year, but also to get our monetary houses in order. Yes, the March 1 RRSP deadline is an important one, but there’s more to managing money than tossing funds into RRSPs. By focusing our financial calendars on the late winter every year, we could be missing out on other important deadlines — and ways to save big bucks.