Below you'll find a list of all posts that have been tagged as “financial planning”
Major life changes, such as leaving an employer, can have a significant impact on your financial well-being and navigating pension transfers can seem like a daunting task. For many people in Saskatoon, understanding how to manage their pension and plan for the future is crucial. Making informed decisions during this time can set the stage for a secure and prosperous …
Decoding RRSPs and TFSAs from a Canadian tax angle is no joke. We are often asked what makes more sense, investing in a TFSA or an RRSP? The answer is not so simple; but today we provide to you a simple blog post from a tax perspective. We hope this can help make the decision a little bit more clear, …
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) …
Capital Gains Tax and the Value of Life Insurance in Canada Capital gains tax is a tax imposed on the profit made from the sale of a capital asset, such as real estate or stocks. In Canada, the capital gains tax rate is currently at 50% of the gain, and it is calculated by subtracting the adjusted cost base (ACB) …
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 If you are part of that number, or feel like your will may be outdated, this article is for you.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 …
One of the most popular blog posts I wrote was back in 2019 explaining the Insured Retirement Plan. It is mid way through 2022 and the markets are currently struggling under higher inflation, geopolitical tensions across the globe and the lingering effects of Covid. What about the Insured Retirement Plan in 2022, has the strategy held up? Read on to …
Grocery shopping has forever been a dreaded task in our household, even before we had kids. The dreaded two-hour trip to the grocery store that had to be carved out of the week was a real buzz kill for us: dragging our butts to the store, shopping, then bagging and loading the bags, coming home; and unloading them again. Not …
Canadians are thinking about a retirement reset According to a new poll by RBC dubbed the 2021 RBC Retirement Myths & Realities Poll, it states that 18% of Canadian respondents aged 50+ have now hit the pause button on retirement, with Alberta being the highest at 33%. Respondents stated that the pandemic has caused them to hit the pause button …
Most of us have likely seen the saying “Spend money on experiences, not things” show up in our social media feeds. The saying is often accompanied by a gratuitous photo of a scenic landscape, or a photo of an individual facing away from the camera while they ‘gaze’ (squint?) into the distance. This saying is propagated as a holistic living …
