Knowing how much contribution room you have available in your tax-free savings account (TFSA) will help you take maximum advantage of tax-sheltered growth potential
Your current age will typically determine how you approach the planning process, as retirement might be around the corner or it could be decades away.
Single women solely responsible for covering their own expenses could face more precarious financial conditions than those in a dual-income home.
Most people look forward to the freedom of retirement, but it may seem unsettling at first. If you think about it, you spend many years working hard and saving for the future. When you retire, the future is now!
Most Canadians can benefit from having a registered retirement savings plan (RRSP) and a tax-free savings account (TFSA) — both are great tax-sheltered savings vehicles.
It’s been well documented that a massive wealth transfer is taking place globally, with an estimated $1 trillion in Canada alone moving to the next generation. If you’re expecting (or recently received) a sizeable inheritance, deciding what to do with it can be overwhelming.