Guiding you along your financial journey
Staying on top of your finances should be simple. From keeping track of your mortgage payments to figuring out where your money went last month, there’s an easier way to get it all done! So – close your excel spreadsheets and get automating with our top 5 financial tools.
When it comes to saving money, even if you’re fairly well-off, sometimes it’s difficult to make the required commitments without making significant downgrades to your lifestyle. But saving money should be smart, not restrictive! We still want to be able to ‘live our lives’, have fun and go out for dinner occasionally!
A question most people with a mortgage have is: if I have extra money, should I invest it or make a prepayment on my mortgage? There is no easy to use rule of thumb and what works for you might not work for someone else. When you make a mortgage prepayment you are getting a guaranteed risk-free return equal to […]
Most of the financial industry is geared towards selling products. You answer a risk questionnaire to put you onto the risk spectrum from very conservative to very aggressive, regardless of what you are saving for. All of your assets may be combined into a single plan that is optimized to hopefully provide the highest level of return for a given […]
If you are looking forward to receiving a tax refund this year, I hate to tell you, but you shouldn’t be. Getting a tax refund means you have given the big, bad government an interest free loan over the last year.
This infographic includes information about Tax-free Savings Accounts, eligibility criteria, acceptable investments, contribution limits as well as interesting TFSA statistics.
Most people know the biggest advantage of using an RRSP is the tax savings. But do you know how to maximize that refund? Or choose when a TFSA might be better? We break it down so you can make those decisions in minutes. Below is a table of the income tax brackets (applicable to BC). Since ModernAdvisor is based in […]
So, you’ve saved up $10,000. Good work! That’s easier said than done these days. The next thing you may be considering is; “what is the best thing I can do with my money?” Of course, each person’s financial situation is different, so we’ve put together 4 of the most commonly asked questions to provide you with some easily applicable guidance […]
