The first day of spring is just around the corner. The colder winter months will soon be gone and with spring on our door step, it's time to get moving in the right direction with your life and working on your goals. It's also a great time to reflect on where your life is heading as every new season offers new possibilities and a time for renewal.
Each year you are required to take out a portion of your savings from your RRIF, which is subject to tax, but there's no limit on how much you can withdraw. In addition you can name your spouse as a beneficiary, so RRIF assets can be transferred to your spouses' RRIF or RRSP on your death. You can't keep your savings in an RRSP forever.
More than 1 in 3 people said they did not discuss their debt with their spouse prior to getting married. If you are starting a new life together would it not be a good idea to at least start a conversation about the debt burden that will impact you and your spouse's ability to buy a home and borrow for other purchases?
Like seatbelts, when it comes to public safety, the Federal Government can intervene. So why ban on Deferred Sales Charges? Quite simply, it's an issue of public safety. There is nothing beneficial to the consumer about a DSC. As a matter of fact, it's nothing more then a legalized trap created by companies that produce and market mutual (and segregated) funds.
Money shouldn't dictate your success or potential. While it may be more difficult without funding to bring your idea to reality, it doesn't mean it can't be done.In fact in some ways it can be a blessing in disguise. Your passion will be put to the test, your vision will be challenged and with each roadblock your determination will strengthen as your vision grows.
A recent Sun Life survey has provided some sobering food for thought ahead of a holiday season that often means less sober endeavours for many. It seems that at year end, the majority of Canadians are no better off financially than they were a year ago and that situation worsens for those 55 years of age and older.
Having trouble getting into the holiday spirit? Christmas can be very stressful, especially if you are shopping for gifts on a budget, juggling work, an active family and festive social commitments. It so important to manage everyone's expectations, including your own. We've come up with 10 simple luxuries that will help you find your inner Santa, astonish loved ones on your gift list and get you in the holiday mindset with enhanced peace and calm.
The beginning of a new year is the best time to start fresh and get your life moving in the direction you really want. It doesn't matter how much money you have or make, or whether you are just starting out or have a successful career, by opening yourself up to new possibilities through goal setting, you will start living the life you want.
New Year's Eve. Champagne toasts and countdowns. Kisses at midnight and Auld Lang Syne. It's a time to look forward to the year ahead, and reflect on the one just past. Especially your taxes. Sorry to rip you out of the reverie, but taxes never sleep. And on December 31, Canada's tax laws set in stone a number of factors that influence your personal tax return.
We may be looking at something of a Dickensian, bah-humbug holiday season, according to a recent H&R Block survey of Canadian workers. The survey conducted by Leger showed only 44 per cent of Canadians are expecting an employer-hosted holiday party. But if, in fact, the season does put a scrap of gold or silver in your pocket, there's a chance it may come with tax implications, and many Canadians don't realize that.
If you can view saving money as a joyful, long-term strategy towards enhancing your financial security, you will embrace it wholeheartedly. Saving money and having a spending plan are fundamental money management strategies. Most women I know make an honest attempt to save money, but many feel it restricts their lifestyle. Saving can be challenging, but when you re-frame your thoughts around saving money, and visualize it as an easy task, you will start saving more money naturally.
We recently asked Leger to survey Canadians about cheating on taxes, and the results were a little surprising. Turns out that we don't seem to think tax cheats are all that bad. And if you are thinking about cheating on your taxes, the CRA does have several checks in place to make sure you are filing correctly.
Ultimate freedom, waking up late, working in your pj's and taking a spontaneous day off. It sounds like the dream job, doesn't it? Well, if running your own business is that glorious, why doesn't everyone do it? The fact is, being an entrepreneur is probably the hardest thing you will ever do. It will consume your thoughts, your relationships, your sleep and your life. You may never have a "day off" again. Still interested?
Fall is on our doorsteps, and while you may consider the falling temperatures an excuse to stay inside, it's time to take advantage of those last rays of sunshine. You have no excuse to be on the couch this weekend, but if you're still feeling unmotivated to leave, here are 10 reasons why you should get out of the house.
With platforms like Twitter and Instagram, the lives of the rich and famous are more exposed than ever, opening the door for envy from all sides. These changing circumstances have caused us to reach new levels of emotional attachment to money and the pursuit of wealth. Which makes me wonder: Does acquiring wealth make us happy?