Guiding you along your financial journey
Baby on the way? A little financial planning goes a long way. As you already know, having a baby is going to bring substantial change to your life. You can expect your expenses to increase, while your income will most likely decrease (at least in the first few months). The best way to prepare for these changes is to plan […]
“The secret of getting ahead is getting started.”, Mark Twain This statement couldn’t be more true when it comes to investing. That’s why I am so very excited to announce that we are making it even easier for Canadians to start investing by launching our Springboard initiative. Under this intiative, ModernAdvisor will invest $1,000 on behalf of our first time […]
The RRSP deadline for 2015 2016 is coming up on February 29 March 1, 2017. Here are the top 11 mistakes to avoid. Waiting until the last minute to contribute The deadline to make RRSP contributions for the 2015 tax year is February 29. An RRSP allows your gains to grow tax-deferred until you make a withdrawal. The earlier you […]
Stock markets had another bad month in January. The Bank of Canada left interest rates unchanged despite analyst predictions and the Bank of Japan joined the negative interest rate club.
RRSP contributions can increase your income tax refund Get those sweet, sweet tax savings. Time is running out to contribute to your RRSP for the 2015 2016 tax year. Why should you care? Read on. But first – do you: Have any outstanding high-interest debt, like credit cards? Unless you have a contribution-matching program through your employer (hello, free money!), the […]
What are RRSPs? An RRSP (Registered Retirement Savings Plan) allows you to save and invest money for retirement. When you make a deposit to your RRSP this creates an income tax deduction that you can use in the current year or use on a future year’s income tax return. Tax deductions reduce your taxable income for the year and this […]
Well, January has been fun so far! After the Santa Claus rally failed to materialize in December, the selling continued into the New Year. With RRSP season just around the corner this sell off might have you reconsidering contributing to an RRSP before the deadline on February 29. While the sell off on stock markets around the world has been […]
Stock markets had an uncharacteristically bad December. The US Federal Reserve finally raised interest rates, while the Bank of Canada left interest rates alone.