Ways To Save Money Post Pension

Ways To Save Money Post Pension

It’s the great Canadian dream – retire as early as you can and kick back to enjoy your golden years in relaxed style. For many Canadians, though, this simply isn’t a reality – and as pension possibilities dwindle, many are on their own when it comes to saving for their senior years. We’ve got a few ways to help cut corners – and make the most of your post-pension finances. Continue reading »

Maximize your Savings Plans

Maximize your Savings Plans

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. Continue reading »

Are you Ready for Tax Season?

Are you Ready for Tax Season?

It’s that wonderful time of year again. When we dig deep into our shoeboxes full of receipts and wait eagerly for official tax documents to arrive in the mail. All to file our tax refund before the end of April. Are you ready for it this year? Did you keep a good record of all the charitable contributions you made, the receipts you can write off and are you aware of all the incentives you might qualify for? Continue reading »

Am I Too Rich To Save?

Am I Too Rich To Save?

The countries richest CEOs earn 189 times what the average Canadian does. According to the Canadian Centre for Policy Alternatives the average annual salary in this group is $8.38 million. By the time you read this, Canada’s top-100 earners have been paid in two weeks what it will take most of us 10 years to make. “The gap between Canada’s CEO elite 100 and the rest of us is growing at a fast and steady pace, with no signs of letting up,” says economist Hugh Mackenzie, who authored the report. Continue reading »

RRSPs: Not the Only Season for Your Money

RRSPs: Not the Only Season for Your Money

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. Continue reading »