TFSA Limit Over The Years The TFSA limit will remain at $5,500 for 2017 due to years of low inflation, but is still good news for those looking to build wealth. For those who were at least 18 years old in 2009 and a Canadian resident since, now have a cumulative TFSA limit of $52,000. […]
There is a trend sweeping the investing world. Investors are now choosing fee-based investing over the traditional commission-based. Fee-based investing has become a favourite amongst investors primarily because it offers information about advisor fees that is upfront and easy to understand. Like commission-based investments, this type of investment is backed by knowledgeable financial advisors, commission-free […]
So you just got married and are starting to build a life together with your partner. Here are 6 Essential Financial Tips that will set you up for success for years to come. Change the Beneficiaries on your Insurance Policies, RRSPs, TFSAs, Company Pension and Benefits Plan Why? At the end of the day […]
This strategy applies to you if.. You are planning to buy a home in more than 3 months from now. Have RRSP contribution room – the more the better! The Home Buyers Plan (HBP) allows a qualified first time buyer to withdraw up to $25,000 from their RRSP, tax-free. This amount is to be paid […]
When you leave one job for another, or even when you retire, there are many decisions that need to be made about your pension. There are two main types of pension plans, defined contribution and defined benefit. With defined contribution plans, during your employment your company provides you with a regular lump sum of money […]
When you leave your job, you may receive a termination and/or severance pay. When your departure is involuntary every jurisdiction stipulates how much notice you must receive. Commonly, the company will pay you in lieu of actually working through the notice period. This termination pay is considered employment income for tax purposes. You may also […]
If you have voluntarily left your job there will probably not be any legal implications. However, in situations where you have been laid off or dismissed, the situation can be more complicated and independent legal advice may be warranted. Although your advisor can certainly provide you with information and guidance, there can be employment, tort, […]
Thinking of renovating this summer? According to the Appraisal Institute of Canada, here are the renovations that pay off the most. Kitchen and Bathroom – Expect an increase in house value of 75% to 100% of the cost of the renovation Painting inside and outside – 50% to 100% of the cost can be recouped […]
While it may be exciting to move into a new home, especially if it is your first home purchase, the actual move can be a lot of hard work. Many people rely on their relatives or friends to help them move, but those that have moved often know there is a limit to how many […]
With the Real Estate market skyrocketing the past several years, many individuals have chosen to purchase property as an investment. Being a Landlord can be tricky, here are answers to common questions you may have as a Landlord. Rent Increase: Once every 12 months. Landlord must give tenant 90-day written notice of increase. […]
