Articles

Contributing to a Registered Retirement Savings Plan (RRSP) can be good, but the same can be said of a Tax-Free Savings Account (TFSA). How to choose between the two depends on your circumstances. RRSP contributions are tax deductible so the higher your tax bracket the more beneficial it is to make a contribution. If your … RRSP or TFSA Contribution?

Last week I covered Data Privacy Day, held annually on January 28. In summary, criminals want to steal your personal identity and use that information to steal your financial assets.  Today, I’ll share some tips on how to prevent becoming a victim of cybercrime. The best way is to be proactive. Anticipate how a criminal … Tips to protect yourself from cybercrime

Data Privacy Day is held every year on January 28. This is the day that many countries around the world focus on how technology is impacting our privacy rights and the importance of protecting our personal information. Learning more about the modern-day risks of having our financial assets stolen electronically is in everyone’s best interest. … Data Privacy Day on January 28

Today we are going to take a high-level look at being financially successful. First, let’s define financial success as having the ability to achieve your most important lifetime financial goals.  For many Canadians that includes assisting their children with post-secondary education and planning for a financially secure retirement. Along the way there are other objectives … Both financial planning and investing are important

Understanding how best to use a Tax Free Savings Account (TFSA) could prove to be very profitable. Let’s start with the news. The annual contribution limit has increased for 2019 to $6,000, up from $5,500 for the previous three years. Contributions to a TFSA are not income tax deductible like those to a RRSP. However, … Understanding tax free savings accounts can be profitable

It’s that time of year again to make New Year’s resolutions. For many, one resolution should focus on debt. Managing debt is the single most important financial issue many Canadians face. It’s hard to break bad habits. Every year the majority of people who make New Year’s resolutions fail to achieve them. If you’ve struggled … New Year is a good time to tackle your debt