September 1, 2023
How does the FHSA (First Home Savings Account) Work? What are some technical highlights?
The FHSA is a type of account recently created by the government to encourage and assist Canadians to save for their first home. In a post last week, we discussed the factors that can determine whether or not you may be eligible to open a First Home Savings Account – and this week, we are exploring some technical highlights of the FHSA:
August 25, 2023
How do I know if I am eligible for the FHSA (First Home Savings Account)?
The FHSA is a type of account that has been recently created by the government to encourage and assist Canadians to save for their first home.
August 18, 2023
When opening a Registered Disability Savings Plan (RDSP) account, what is the difference between the “holder” and the “beneficiary?”
"The Registered Disability Savings Plan (RDSP) is a tax-deferred savings vehicle introduced by the Government of Canada to help Canadians with disabilities and their families save for their long-term financial security."
August 14, 2023
What makes me, or my loved one, eligible for the RDSP (Registered Disability Savings Plan)?
"The Registered Disability Savings Plan (RDSP) is a tax-deferred savings vehicle introduced by the Government of Canada to help Canadians with disabilities and their families save for their long-term financial security."
August 3, 2023
Have you named a trusted contact person?
"The Canadian Securities Administrators, an umbrella organization of provincial and territorial securities regulators, introduced a measure two years ago to help protect investors’ financial interests. Investors could give their advisor the name of a “trusted contact person..."
July 27, 2023
Ways to save for a child’s education
"A Registered Education Savings Plan (RESP) is widely acknowledged as the number one way to save for a child’s education. However, many Canadians use an RESP as the foundation and complement the plan with another investment vehicle..."
July 21, 2023
When you retire, financial literacy expands
"Wealth planning doesn’t retire when you do—it just changes. Now financial life is largely about making the most of the wealth you’ve accumulated. You’ll be learning about new rules, products and strategies that involve a broad range of financial considerations..."
July 11, 2023
Transferring the family vacation property: now or later?
“Across the country, a vacation property may be known as a cottage, cabin, chalet or camp. One thing they all share is a looming tax liability…”
June 30, 2023
What is the significance of investing?
“Typically, we earn our money through working at a job that gives us a wage. However, a second way to earn money is through investing...”
June 20, 2023
Is downsizing the right decision?
“When retirement is on the horizon or you’re already retired, you may start to think about downsizing. Often, it’s a difficult decision that involves considering a variety of financial, psychological and practical factors…”