Over 1/3 of Canadians surveyed do not invest (TFSA, RRSP, GIC, etc.) and only 4% say they’ve ever seriously considered opening an account. Investing seems difficult, but it is one of the easiest ways to free money and there are a few simple options to get you started…
Good news for investors: maximum contributions for tax free savings accounts will increase by $500 in 2013. TFSAs are a fantastic savings tool – but they’re surrounded by confusion. Learn more about the basics of using a TFSA and understanding the benefits of this savings vehicle.
A survey by ING Direct finds more than half of Canadians are confused about their tax free savings account options. The survey also found that the main reason investors are avoiding these accounts is due to lack of surplus monthly income from living paycheque to paycheque.
When it comes to kids, here’s the cold, hard truth: it costs roughly a quarter of a million dollars to raise a child from birth to their 19th birthday. Have you picked your jaw up off the floor yet?