…or maybe finding a life partner. Spending is often greater than income. Paying for post-secondary education Buying consumer items (car, home furnishings) Building up savings Paying off debt Building a…
Here’s what I found on "Saving Money"
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Government grants and bonds for an RDSP
…Disability Savings Grant (CDSG) Canada Disability Savings Bond (CDSB) Carrying forward unused grant and bond entitlements When it’s necessary to repay the grant and bond Canada Disability Savings Grant (CDSG)…
Home equity as a source of retirement income survey
…out of their retirement savings in the first 10 years of retirement. Despite the lack of retirement savings, the survey revealed that four out of 10 respondents were not willing…
How and why to file your taxes
…the deductions and tax credits you were entitled to. Filing your taxes can correct this and get your money back. To establish contribution room in an RRSP – If you…
Kids and money: making sure the message hits home
Teaching your child about money takes a fine balance of patience and persistence. To make sure the message sinks in, keep it light while finding ways to bring money into…
Work with a financial planner
…fees may be embedded in the product cost. These planners usually work with investors with more money (at least $250,000). The fee rate generally decreases as the amount of money…
Understanding real estate investments
…that made the first mortgage will be first in line to receive its money back. The MIE that made the second mortgage will only receive its money if and when…
Grandparent scams and how to avoid them
…in a foreign country and need money to get home In an accident or sick with COVID, and need money for medical bills With grandparent scams, the scammer may plead…
What to do if you’ve been scammed
…do you get money back from a scammer? When a scammer takes your money, it’s very hard to get it back. This is particularly true for crypto scams. It’s still…
How do you help someone who was scammed?
…sunk cost fallacy. This happens when someone continues to put money into something because they have already sunk money, time, or emotion into it — even when it would be…