With another year coming to an end, and the New Year just around the corner, we’ve put together our ‘Top 3 Last-Minute Financial Planning Tips and Strategies for 2019.’ Let’s take a look at ways you can improve your personal year end: Tip #1: Make Your RESP Contributions Do you have a child under the age of 18? If so, […]
We all know how challenging it can be to stay on top of ever-changing facts and figures in the field of personal finance. With that in mind, we have compiled a short list of key items to keep in mind for 2020. 2020 TFSA Limit The 2020 TFSA limit remains at $6,000, unchanged from the 2019 limit. Keep in mind […]
October was another good month for stocks, while one of the best performing asset classes, REITs, took a breather.
Question. Hi, I recently received an inheritance of $50,000. Currently, I have about $107,000 in my RRSP, and since I’ve never been able to maximize my contributions, I have a contribution limit of over $60,000. Also, I owe $220,000 on my mortgage. My question is, what should I do with the $50,000 inheritance? Should I contribute it to my RRSP, […]
Question. I saw an advertisement on television recently, regarding critical illness insurance. I’m not currently familiar with this type of insurance, so I checked my group plan at work to find out more, but critical illness insurance isn’t a part of my group benefits plan. I asked my HR department, and they’ve indicated that they have no intention to include […]
September is the worst month on average for stocks, but this September was a good one with equity markets performing well. Bonds were down slightly and REITs again performed well.
Question. I’ve been a software developer with an engineering firm for many years. Although I enjoy software development, I feel I’ve outgrown my role, as there is no room to advance at my firm. I have several potential contract opportunities, but I’m nervous about leaving my employer. I have a great benefits and pension plan, and despite the opportunity for […]
August was a down month for most equity markets, however Canadian stocks were one of the few positives. Meanwhile bonds and REITs performed well.