One of the most common questions I get from my clients is about Tax-Free Savings Accounts (TFSA). They are not sure what it is – is it a savings account? Is it an investment account? What is the point of it? Well, blame the government for the poorly named investment product. Let me clear up some misunderstandings about the TFSA, which can be a great vehicle for investing AND saving.
For most of us, getting a call from a collection agency can be stressful – especially when you’re on a daily check-in list. Just the thought of overdue bills can cause sleepless nights, high blood pressure, and even depression. But there are certain steps you can take to manage the situation and not feel helpless. In Ontario, there is a Collection Agencies Act that must be followed. You can find all of the rules on the Ontario Ministry of Consumer Services website.
No one likes to lose money or get ripped off. It’s why you would be quick to address anyone who tried to cheat you out of a dollar. So, why are you okay with losing money on a yearly basis because of choices you’re making?
Have you ever wondered how other communities seem to be born into financial stability? They have no problem coming up with the money for a down payment for a home, investment properties, post-secondary education and trust funds for their children once they become of age that then set them up on a stress-free path into adulthood.
It’s almost that dreaded time of year when taxes are due and you’re getting your T4’s and other tax slips in the mail.
2018 is in the history books and you’ve got big plans ahead for 2019, right?! This is the year that you’re going to get organized financially, make sure your money is working for you, instead of you working for your money. In my experience as a Financial Advisor, one of the biggest mistakes people make is not doing a financial outlook for the year ahead.
Christmas shopping is what’s on most people’s minds in December, but this is also the time of year to take advantage of tax savings before we put a bow on 2018 and kiss it goodbye.
Are you getting a little tired of the rollercoaster ride of the stock market? Ready to get off and look at some other options?