"A Registered Education Savings Plan (RESP) is widely acknowledged as the number one way to save for a child’s education. However, many Canadians use an RESP as the foundation and complement the plan with another investment vehicle..."
Read More"Wealth planning doesn’t retire when you do—it just changes. Now financial life is largely about making the most of the wealth you’ve accumulated. You’ll be learning about new rules, products and strategies that involve a broad range of financial considerations..."
Read More“Across the country, a vacation property may be known as a cottage, cabin, chalet or camp. One thing they all share is a looming tax liability…”
Read More“Typically, we earn our money through working at a job that gives us a wage. However, a second way to earn money is through investing...”
Read More“When retirement is on the horizon or you’re already retired, you may start to think about downsizing. Often, it’s a difficult decision that involves considering a variety of financial, psychological and practical factors…”
Read More“In the financial world, we can use the word liquidity to refer to our ability to rapidly obtain our money when we need it. Liquidity can be cash that you can use immediately, a backup savings account or chequing account containing ready-to-access funds, and more…”
Read More“For an organization, a cash flow statement is a useful instrument that can be used to assess a company’s performance…”
Read More“If anyone asks you to co-sign a loan, it’s not a decision to take lightly. You would be obligated to make any payments your family member or friend misses. In fact, you would be legally responsible for the entire loan amount..."
Read More"Say that the holder of a Registered Retirement Savings Plan (RRSP) names their spouse as the beneficiary. Later, the couple divorces. The RRSP holder removes their ex-spouse from their will. However, with all the activity surrounding the divorce, they neglect to change the RRSP beneficiary designation from their ex-spouse to their child…”
Read More"What is the FHSA (Tax-Free First Home Savings Account) – and how is it different than a TFSA or an RRSP?
Read the full article, featuring Tony Sutey, CFP: Senior Financial Advisor at Spire Advisors of Assante Capital Management Ltd. in Huntsville, ON. Visit: https://www.ctvnews.ca/business/what-you-need-to-know-about-the-first-time-homebuyers-savings-account-1.6340153"
