Wealth Management
Source: Manulife Financial
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By Brenda Spiering, Editor, BrighterLife.ca The new federal budget tabled in the House of Commons on Tuesday increases the annual TFSA contribution limit from $5,500 to $10,000. That’s good news for Canadians. Whether you’re looking for a tax-sheltered way to save for a down payment on your first home or you’re getting close to retirement…
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Source: Manulife Financial
Read MoreBy Brenda Spiering, Editor, BrighterLife.ca Confused about the best savings option for your needs? You’re not alone. Ever since the federal government introduced the Tax-Free Savings Account (TFSA) in 2008, there’s been debate about whether a TFSA or a Registered Retirement Savings Account (RRSP) is the best place to stash your cash. Both provide tax…
Read MoreWith the New Year fast approaching, now is a good time to consider ways to improve your tax position. There are still many time-sensitive issues that you should address before January 1 and in early 2015 that can help take a bite out of your 2014 personal income taxes. RSP Contributions Contribute to an RSP…
Read MoreBy Brenda Spiering, Editor, BrighterLife.ca You don’t need to be born with a silver spoon in your mouth to build wealth. With the right products, you can grow and protect a healthy nest egg. Here are five key financial products that should be part of your plan: 1. Registered Retirement Savings Plan (RRSP) As soon…
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RRSPs are a great way to save for your retirement. A registered retirement savings plan can help you achieve financial stability for later life. Did you know the Canadian government gives financial incentives to help you save for your retirement? Simply put, a Registered Retirement Savings Plan, or RRSP, is a special type of savings…
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Comparison The following chart summarizes many of the important differences and similarities between Segregated Fund insurance products and Mutual Funds. Segregated Funds Mutual Funds Overview Your net premiums are invested in the segregated funds of an insurer which, in turn, invests in securities such as stocks, bonds and money market investments. Segregated Funds are insurance…
Read MoreBuilding Wealth Through Investing – Six Principles to Investment Success & Four Ways to Minimize Tax
LIFE LEARNING: This information will help you understand your investment options, the risk factors, and methods to reduce investment risk. Building wealth through investing is a vital part of any financial plan but can often be one of the most confusing and emotionally challenging experiences you will encounter. Many marketers promise “get rich quick” stock suggestions or sure- fire…
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