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Financial well-being is finding a balance between the money we have and the life we want to live. Here's what research says about connecting both.

What is financial well-being? What does it mean to Canadians? - MoneySense Financial well-being is finding a balance between the money we have and the life we want to live. Here's what research says about connecting both.

A tax-free savings account (TFSA) is a fantastic tool for Canadians to save and invest. Contributions are made with after-tax dollars, but any growth in your ... (Download this free budget template.) Another popular budgeting strategy is the 50/30/20 ...

25 money moves to make by age 25 in Canada - MoneySense From opening a TFSA to doing your own taxes and negotiating a raise, we share 25 ideas to kick off your 20s on the right financial foot.

The Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA ... Contributions to RRSPs are tax-deferred, which means that they are income-tax deductible. That said, your post-retirement withdrawals are subject to standard income ...

RRSP or TFSA? These benefits will help you decide which one to open first | Canada Which account should you open? Learn the benefits of RRSP vs TFSA accounts to know which best fits your needs and financial plans.

Being in your 50s can come with a lot of extra baggage. Sure, you might make more money than you did in your 20s, and maybe you’ve paid off your student loan and put a major dent in your mortgage. But, as part of the sandwich generation, you may also be paying for your kids’ college tuitions while simultaneously taking care of your aging parents. https://ow.ly/w9nR50SaaHg

Confused about when you could retire or how much you should be saving before retirement? There's a nifty planning tool that can help.

Too intimidated by the idea of planning your retirement? This free government tool might help | Canada Confused about when you could retire or how much you should be saving before retirement? There's a nifty planning tool that can help.

Whether you’re dreaming of buying property, thinking ahead to retirement, or just want to save up for the cloud couch you saw on social media, you can create financial savings goals right now, no matter the number in your bank account.

Stressing about figuring out your financial goals? Sponsor Content

I’ll share what I/we have done in a bit… Whether you have a mortgage (or had a mortgage), a car loan or other types of debt in your life, we probably agree that for most of us, holding long-term debt can be a wealth ... The main benefit of the debt ...

Weekend Reading – Debt avalanche or debt snowball to kill debt Weekend Reading – Debt avalanche or debt snowball to kill debt Hi Folks! Welcome to a new Weekend Reading edition where I highlight each approach: debt avalanche or debt snowball to kill your…

The more you put down, the less you need to borrow. • Add it to a child or grandchild’s registered education savings plan: Contribute $2,113 to an RESP and you get $422.60 added to the plan via the Canada Education Savings Grant. A guaranteed 20 per ...

This former exec is taking an ‘adult gap year’ before retiring officially. Plus: Here’s how tax planning changes when you retire Content from The Globe’s weekly Retirement newsletter

The budget also proposes automatically opening an RESP for eligible children born in 2024 and later years starting in fiscal year 2029. This will ensure an additional 130,000 children will receive up to $2,000 through the Canada Learning Bond, which helps low-income families save for postsecondary education.

Seven ways the 2024 federal budget affects your finances, from selling your cottage to RESPs The budget outlined a smattering of small tax benefits and consumer protection measures

In fact, about 60% of the younger generation said traditional 9-to-5 jobs are “soul-sucking,” according to a recent survey conducted by Qualtrics on behalf of Intuit Credit Karma. https://ow.ly/EmYM50RiweF

The world's population is living longer, but this is placing mounting financial and emotional pressure on younger generations, according to experts. https://ow.ly/r8fU50RbN3c

While Sally is working, it is critical that they save ... education savings plan account, which is valued at more than $48,000. Assuming a $15,000 tuition expense every year and a tuition increase of 5 per cent over the next eight years, the RESP account ...

Can Sally, 44, afford to retire early to travel the world? Since both Elliot and Sally are healthy, the planners recommend they delay their CPP and OAS benefits until age 70. This will give them a boost in benefits

Balancing work and caregiving is no easy feat. Discover tips to help you cope mentally and financially – connect with me directly for personalized support.

Summer is just around the corner, and as Canadians begin to book travel plans, they're flocking to five cities in particular.

These are the top five trending travel destinations in Canada this summer | Canada Summer is just around the corner, and as Canadians begin to book travel plans, they're flocking to five cities in particular.

Tax credits can help reduce the amount of income tax you owe and even help you get a refund. We explain how they work and list the most common ones.

How Tax Credits Work In Canada Tax credits can help reduce the amount of income tax you owe and even help you get a refund. We explain how they work and list the most common ones.

I often see this in our business where healthy clients, who truly need life insurance, will sometimes hesitate on whether or not it is worth it. Whereas, clients whose health may have declined and/or developed a critical illness seem to scramble to get any plan that will insure them (slim options, and at a much higher cost). Don't wait if your family's needs would NOT be taken care of if, God forbid, you weren't here tomorrow.

Unlock the secrets to successful financial conversations with aging parents. Ready to start the discussion? Reach out to me for personalized guidance.

Would you rather...

Job #1 or Job #2?

Job #1 - Client has no disability insurance. That means no income if they were to become disabled.

Job #2 - Client purchased a disability policy for $2,500/yr resulting in $97,500 of remaining income. If they were to become disabled they will receive $65,000 a year, after tax, until age 65.

The cost of NOT having coverage in place.

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No one wants to think about it ahead of time, but it’s important to be ready in case your spouse dies. How would you manage your finances? Do you know what’s already in place? I can help you have a plan ready. Let’s chat.

Cameron Bourke - Financial Security Advisor It’s more common for people to support their parents financially due to a lack of retirement savings and parents outliving their savings. Combining government assistance with a financial strategy can maintain financial stability for both generations....

Because 2024 is a leap year, the RRSP deadline falls on Feb. 29, not on March 1. That means our clients have about a week to top off their RRSPs for the 2023 tax year. This deadline is important if they want to claim the deduction on their 2023 tax returns.

As RRSP deadline approaches, a reminder about tax-free growth | Investment Executive A hypothetical scenario compares dividend investing inside and outside this registered account

In these tough financial times, it can be difficult to know exactly what we should be doing with our money – should we invest? HOW do we invest and ... high cost of living and inflation as the main challenge that made accomplishing their financial ...

Do you have financial goals for your future? It’s never too late to start your investing journey Recent TD survey finds many Canadians lack confidence when it comes to their finances.

Young investors and households with lower incomes may want to consider other investment vehicles before rushing to meet the RRSP contribution deadline

Seven reasons to reconsider contributing to your RRSP this tax season Young investors and households with lower incomes may want to consider other investment vehicles before rushing to meet the RRSP contribution deadline

Simply having finances in your RRSP account does not guarantee that you can retire comfortably, because the growth of its returns is determined ... ones without impact from taxes. This investing strategy can help Canadian seniors put more money in their ...

Everything you need to know about RRSPs and TFSAs Although a tax-free savings account and registered retirement savings plan both work as savings accounts, they still differ in many aspects

Switching, opening and closing credit cards may impact your credit score. Here are potential impacts and some strategies to lower the risk to your score. Thank you for the question, Charlie. It’s important to be thoughtful about how your use of a credit ...

What does opening or cancelling a credit card do to my credit score? - MoneySense Switching, opening and closing credit cards may impact your credit score. Here are potential impacts and some strategies to lower the risk to your score.

The survey also showed that while 53% of TFSA owners had investments in their account, the remaining 47% saved in cash, missing out on tax-free growth. “Among the benefits of investing in a TFSA is the ability to withdraw funds at any time should those ...

TFSA usage drops as Canadians cope with higher cost of living: BMO | Advisor.ca One in four deferred investing to pay down debt amid high interest rates, according to a survey

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Advisors discuss some of the top tax and financial planning programs they expect to review with clients this year

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Whether for your house, your car or your life, insurance policies are meticulously crafted based on predictability and likelihood—two words that have never been used to describe cybersecurity. Cyber insurance is still very much "the new kid on the block.

Council Post: Navigating The High-Pressure, High-Premium Cyber Insurance Market The cybersecurity insurance market is extremely unhealthy as it currently stands.