You can’t take your money with you when you die. So here’s why knowing about a special type of beneficiary – called a successor holder – can make it easier for you to pass on your TFSA. Know What You Should Do With Your TFSA Before You Die If you’re like most people, you like…
WHY YOU SHOULD CONSIDER ADJUSTING YOUR BUDGET FOR THE NEW TAX-FREE SAVINGS ACCOUNT INCREASE. Hear Ye, Hear Ye the 2019 TFSA contribution limit has increased by $500 which a 2.2% inflation increase rounded to the nearest $500 by Revenue Canada jumping from $5500 to $6000 in 2019. Update: Your 2020 TFSA Limit will again be…
YOUR RETIREMENT LIFESTYLE PLAN IS ABOUT PREDICTING THE WAY YOU WANT TO LIVE IN THE FUTURE Last month as we sat with our financial advisor to review our portfolio one of the questions we were asked pertained to our retirement lifestyle now that we were 100% debt free. With a young child and in…
GETTING INTO YOUR FIRST HOME MAY BE EASIER THAN YOU THINK After my wife and I got married we decided that we would slash our spending and start tracking our expenses so we could save aggressively for a down-payment on a home for us. This wasn’t the birth of our budget rather we were spending…
Financial Decisions Can Be Tough When You’re Backed Into A Corner A couple, two kids, two jobs, debt, minimum wage, and house hunting. Sound familiar? Find out what the Ontario minimum wage hike means for them and whether they should jump into the housing market now before it becomes even more expensive. Managing debt is…
Take Charge Of Your Money I say this month is the calm before the storm because even though we are up 1.90% that we spent quite a bit of money in August and September will reflect those expenses. In August we went a bit overboard on the shopping like I mentioned on Saturday so my…
