Category: Financial Planning
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Owe More Taxes than You Can Pay? Here Are Your Options.
Tax season is upon us and unfortunately that means paying any taxes that may be outstanding. Taxes should be carefully planned each year to ensure they do not become overwhelming, but what happens if you are faced with an unexpectedly large bill?
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The Importance of Being Realistic About Your Finances
The term “keeping up with the Joneses” has been used for years to describe the desire to match the lifestyle of the people around you. While this expression historically referred to neighbours and close friends; today keeping up with Joneses means keeping up with the whole world… and we have social media to thank.
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Should First Time Home Buyers Continue to Rent?
Housing prices have been climbing quickly. This is especially true in major urban centres where most Canadians live. The rate of increase for the average sale price appears to be climbing faster than people are able to save.Some Canadians see the dream of homeownership vanishing, others wonder if the choice to own is appropriate for…
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5 Reasons to Always File Your Taxes on Time.
It happens to many Canadians every year – you don’t set aside enough time to get your paperwork together, and you file at the last minute, or in some isntances, even late. Here are 5 reasons as to why this could really hurt your financial plan, and even worse, cause potential headaches with CRA.
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RESP could be a child’s lifeline to a decent education as costs climb
With this new world of pandemic schooling, the challenges of online vs. a safe COVID-19 learning environment make it hard to imagine what post-secondary school education will look like in the coming decade. But one thing that is almost certain is that the costs associate with education will continue to rise.
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Wills 101 & Estate Planning
Preparing a will isn’t something that most of us would look forward to. But this doesn’t mean that you should avoid it — especially when you consider how little it costs to save a lot of potential headaches.
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Predicting the future isn’t a winning investment strategy
Trying to time the markets tends to be a losing proposition. No one has a crystal ball, so what can you do instead to maximize your growth?