Guiding you along your financial journey
International Women’s Day is March 8th, and to celebrate, we’ve got Financial Planners Julia Chung and Sandi Martin weighing in on issues that affect women in financial matters. But don’t let the title fool you: these are not “women’s issues” so much as they are people issues, and in many cases, economic issues. And even if you have a Y […]
Stock markets seemed to stabilize in February, giving some comfort to investors after a rocky few months. The Canadian dollar retreated quickly from its lows of 1.45 to the USD that were reached in the middle of January, while oil recovered to the mid $30 range.
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 […]
