If you’re looking to make some improvements to your financial situation, now is a great time to get started. Don’t wait until January to set your New Year’s Resolutions. Start your new year – and new financial habits – right now. And if you need some inspiration, we’ve compiled a list (in no particular order) of awesome Canadian personal finance experts […]
RESPs: Benefits of Both Individual and Family Plans In either type of RESP, you can apply for the Canada Education Savings Grant (CESG), the additional CESG if applicable, and other government grants. All of the other rules around contribution limits and the government grants are the same. Contrary to popular belief, you can transfer funds between individual plans, just like […]
Even the most feisty and frugal of us can have a hard time feeling fabulous when it comes to our savings. Research shows that investing is one area where women tend to lack confidence. In an international study of women’s opinions, the financial services industry was the one line of business they were most dissatisfied with. In regard to investments […]
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 […]
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 […]
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.
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 […]