TFSA
By Kim Armstrong – sunlife.ca Job insecurity doesn’t have to mean financial insecurity. These 5 tips will help you improve your financial health and plan for a brighter future. Sophia Erikson is a 26-year-old who, for the past 2 years, has had to live away from her family and friends, moving from one contract job…
Read MoreBy Susan Yellin In 2017, the venerable registered retirement savings plan (RRSP) turns 60. Like any 60-year-old, the RRSP has its strengths and weaknesses. Happy birthday, RRSPs. Introduced in 1957 (even before the Canada Pension Plan), registered retirement savings plans (RRSPs) were devised as and continue to be a way for Canadians who don’t…
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Read MoreDO YOU REMEMBER THE EXCITEMENT of being a kid on allowance day? Whether dashing to the corner store for treats or carefully saving that money for something special, those were some of our first experiences with saving our money and planning our spending. Today we still look forward to payday, but after paying the bills,…
Read MoreThe new Liberal government announced significant changes in their budget on March 22, 2016 that affect your personal finances.
Read MoreBy Dave Dineen, BrighterLife.ca It’s hard to argue with the old saying, “you can’t take it with you.” Since you can’t take your money with you at the end of your life, you might expect more Canadians would name a beneficiary — the person they want to leave their money behind to — for all their financial…
Read MoreIt’s more important than ever to have the financial literacy skills needed to manage your money and investments wisely. To help Canadians find the resources they need, a coalition of seven non-profit organizations have joined together to organize this November’s Financial Literacy Month. What better time to take a quick quiz to test your knowledge…
Read MoreBy Paul Russell, BrighterLife.ca When deciding whether to save in an RRSP or a TFSA, the choice is basically to pay the tax now, or pay it later. But there’s more to consider. Here’s something we’d all welcome — you unexpectedly receive a $1,000 work bonus and want to invest it for the future. You…
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