Financial Library

Your TFSA in 2021. What Can You Contribute?

Posted on January 11, 2021

When it comes to flexible investment tools, there's nothing quite like a Tax-Free Savings Account (TFSA). This registered account allows you to hold not just savings but also investment equities like stocks, bonds, mutual funds and GICs. All of your investments grow tax-free in a TFSA. What's even better? You're not taxed when you make withdrawals, and you can reinvest that amount in future years.

Tags: 
retirement planning

Post-Holiday Debt? You're Not Alone

Posted on January 11, 2021

"This is the last time I'm starting a new year saddled with credit card debt," says Tiffany, a 48-year-old computer analyst. "I've said this every January for the past five years. This year, I've got to keep this promise to myself. I don't want to spend another 12 months catching up, only to fall behind all over again. I can't take this stress anymore."

Tags: 
financial planning

Helping Adult Children Buy A Home

Posted on January 11, 2021

With the average price of a home in Canada 1 costing roughly $530,000 in 2020 , it's getting harder for first-time buyers to enter the market. This is likely why a growing number of parents are stepping up to help their adult children purchase a home. While it's admirable to offer this level of support in an increasingly expensive world, it's also a complex decision that both parents and their adult children should ponder carefully.

Tags: 
estate planning

Merry Christmas & Happy Holidays!

Posted on December 7, 2020

2020 has been a challenging year for many. The state of being that we have quickly been forced to adapt to is something that I personally would never have imagined, but here we are.

With all that has happened this year, it can sometimes be challenging to remain positive. Turn on the TV and the negativity fills the airways, COVID-19, economic turmoil, social injustice, alleged election fraud, you name it. However, Christmas is upon us, and for me it is a reminder that there is good in the world, better days ahead and much to be thankful for.

Holiday Spending Strategies

Posted on December 7, 2020

The holiday season is a time for connection and giving, but it can also be costly. According to PwC Canada's 2019 Holiday Outlook report1, Canadians spent an average of $1593 on holiday shopping last year. As this year's present buying season begins, here are some helpful tips that could help you avoid overspending and taking on consumer debt that could follow you into the new year.

Tags: 
financial strategy

Protect Yourself From Scams

Posted on December 7, 2020

According to the Canadian Anti-Fraud Centre, 45,000 Canadians lost more than $96 million to online and telephone scams in 20191. These stats are rising dramatically in our post-COVID reality. In April 2020 alone, there were 6566 reports and 2317 victims defrauded of over $8.3 million. The isolation and anxiety brought about by the global pandemic have inspired con artists to up their game against unsuspecting victims.

Tags: 
fraud protection
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