…in with the kids while freeing up funds for retirement. Plan for financial emergencies Being prepared to handle unexpected expenses is one of the key benefits of saving; it allows…
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How income tax works
…you pay by taking advantage of deductions and credits. Tax deductions – reduce your taxable income. Common deductions include RRSP contributions, childcare expenses, and union and professional dues. Deductions won’t directly contribute to…
How to manage financial stress and avoid burnout
…are no surprise transactions and you’re able to pay all balances. Checking your progress on short-term savings goals, like a vacation fund or emergency fund. Meeting with your financial advisor…
Annual information about your investment fees
…or change fees, performance fees, short-term trading fees and sales charges or redemption fees. Management fees. These are fees, usually calculated as a percentage of your account value, for all…
RRIF fees
…with lower fees that may be suitable for you. 3 types of fees 1. Administrative or trustee fees These fees cover the time and costs of looking after your account,…
How to choose a financial advisor
…(MFDA). CIRO is a self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. FP Canada FP Canada is a not-for-profit industry group that develops, promotes and enforces…
Managing your finances solo
…professional could help. Consider who else could be part of your support network when it comes to finances. Friends or family could help with problem-solving or new ways to balance…
Familiarity bias: The limits of going with what you know
…familiarity bias when investing, including: Consider new opportunities – Encourage yourself to view unfamiliar investment products, countries, or industries as new opportunities to further diversify your portfolio, while making sure…
Finance basics for post-secondary students
…principal (the original loan amount) and any accumulated interest from previous periods. 4. Take advantage of financial assistance resources Colleges and universities have financial aid programs to help lessen the…
Personal finance for veterans and service members
…practices of money management can go a long way toward creating a solid financial future for you. The Canadian Armed Forces and Veterans Affairs Canada also provide resources to help…