Today, we’ll delve into the world of Registered Retirement Savings Plans (RRSPs), a financial tool that plays a crucial role in securing a comfortable retirement for Canadians. In this easy-to-read blog post, we’ll uncover the basics of RRSPs, their key features, and why they should be on your radar. We’re often asked about RRSP’s and why they should (or shouldn’t) …
Why is it important to have a will?
According to various surveys conducted throughout Canada, over 57% of Canadians do not have a will. If you are part of that number, or feel like your will may be outdated, this article is for you. Regardless of your personal circumstances or relationship status, having an up to date will is one of the most important documents that you could …
Household debt in Canada, brace for reckoning
Household debt in Canada has reached a ballooning 2.16 Trillion dollars. That is Trillion spelled with a “T”. Where is all of this debt coming from? Well, its not just your traditional mortgage debt – it is credit card debt, consumer credit debt, vehicle loans, and home equity lines of credit (HELOC’s). The potentially damaging factor in rising home equity …