Canada Basic 101: Tax-Free Savings Account (TFSA) for Canadian Investors and Savers
Today, we are reviewing the Tax-Free Savings Account (TFSA) which is very terribly named because you should ABSOLUTELY not use it for savings, but for INVESTING. Who can contribute
Cautionary Tale: Why you should never lose sight of your money
I’d say enjoy but it is pretty horrific. This is why you should never lose sight of your money, no matter who you are, where you are, and what you do. This is exactly why wom
Canada Basic 101: Registered Retirement Savings Plan (RRSP) for Canadian Investors and Savers
Today, we are reviewing the Registered Retirement Savings Plan (RRSP) which is very terribly named because you should ABSOLUTELY not use it for savings, but for INVESTING. Who can
Does everyone in your family know how to manage money?
You won’t believe the number of stories I hear about husbands passing on and either their widows know nothing about money and spend like it is going out of style, or they rea
Canada: Can you save too much in your Registered Retirement Savings Plan (RRSP)?
I know it sounds ridiculous. Saving TOO MUCH in your retirement plans? This is definitely a #RichPersonsProblem, but nonetheless, one that exists. However, it is true that the gove
What else you can use in Canada to save for your child if you have already maxed out your Registered Education Savings Plan (RESP)
So I always put in $2500 a year for Little Bun’s RESP to get the maximum 20% match from the government and the province. I don’t put in more than $2500 because at the r
Canada Estate Planning for Tax Efficiency Rough Guide
This is a general guide. I came up with this out of some general rules from reading and researching and they are this. RULES There is no inheritance or estate tax upon death Upon d
How to make almost an extra $500K over your lifetime: Comparison of dividends versus salary & capital gains
Dividends (depending on your province) are a great way to make an income and pay barely anything in taxes. If you’re tax efficient, $30,000 in income is NOT EQUAL across the
How to become a millionaire at retirement starting with nothing $0 at ages 20, 30, 40 and 50 (Added: 25, 35, 45)
Age-old question right? Well here you go, this is what you need to invest in the S&P 500 index (either in a mutual fund or an ETF), and let it sit and marinate over the years:
Tax Efficiency Strategy: What I plan on doing as a long-term plan to minimize taxes
I’ve been interested as of late, in tax-efficiency strategies because I don’t talk about them often, but I do practice them. I realized (from comments and questions) th