Personal Finances

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You Weren't Born To Pay Off Debt And Die

What you don't have to do forever is live with debt. You don't have to spend every month calculating how much you can afford to put towards debt repayment, while continuing to use credit, and staying in the never-ending cycle of borrowing money and trying to pay it back. It's not an easy cycle to get out of; I know that firsthand.
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How to Go From Millennial to Millionaire

I want every millennial to grow up to be a millionaire! The scary thing is that a million dollars won't be that much money in 40 years. The idea of a millionaire, sitting in his wood paneled living room and smoking on his pipe with hounds at his feet is long over. Millionaires will be "thousandaires" by today's standards as everything gets more and more expensive.
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Illness Can Strike at Any Time -- Insure Your Savings

If you suffered a critical illness and if money were no object, I am sure all of us would spend every last dime we had to recover and get on with our lives. Sadly, most of us are not in such a position. Therefore, where would one get the money if there were no bottomless money pouch available? Here are some ways you can use critical illness insurance to fill a financial void.
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RRSPs: Still Saving After All These Years

The Canadian government first created the Registered Retirement Savings Plan (RRSP) in 1957, to promote savings for self-employed individuals and those without an employer-sponsored pension plan. It's now 2014, and that makes the RRSP 57 years old. The plan is obviously beneficial for many.
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The Most Important Day for Your Tax Return Is Approaching

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.
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Holiday Bonuses That Could End up on Your Tax Bill

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.
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Why You Shouldn't Cheat the Taxman

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.
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You Can't Buy Your Way Out of Emotional Debt

It's a Wednesday afternoon, two weeks before Christmas. Sarah decides to pop into the mall. She wasn't enjoying this. This is what obligation shopping looks like but it's also what emotional debt shopping looks like. This time of year is ensnares us in an emotional trap. Remind yourself that stuff doesn't heal anything. If you manage your emotions, you manage your money.
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Three Easy Ways to Start a Financial Plan

In my work with women, I hear women tell me that feel overwhelmed why they think of dealing with money and planning. You need to have that tough conversation with yourself, the one that scares you and that fills you with dread. You might try to ignore it or pretend you have control over it. You need a financial plan. Here's how to start.