Pension Decisions when you Leave a Job

Author Rishi Published October 11, 2016

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 […]

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Termination and Severance Pay

Author Rishi Published September 22, 2016

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 […]

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Legal Issues when Leaving Your Job

Author Rishi Published September 15, 2016

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, […]

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Getting the Most out of Renovations

Author Rishi Published July 25, 2016

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 […]

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Making a Smart Move – Do’s & Dont’s of Moving

Author Rishi Published July 15, 2016

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 […]

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Top 5 Landlord Questions Answered

Author Rishi Published June 27, 2016

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.   […]

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Do you know these common Tenant Rights?

Author Rishi Published June 23, 2016

For those who are renting (are tenants) here are some quick rights you have, which you may not know Landlord cannot refuse to rent to you because you are new comer to Canada or because you have children Landlord cannot ask you for a damage deposit and they cannot use your last months rent as […]

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Having Trouble Paying off your Student Loan?

Author Rishi Published June 17, 2016

Here are some tips and tricks to help you pay it off: Repayment Assistance You may find that your financial circumstances make it difficult or impossible to make the required payments. There are measures you can take to restructure your loan in these circumstances. Generally, if you are experiencing financial difficulties, you can arrange to […]

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Dealing with Credit Agencies

Author Rishi Published June 1, 2016

Total Canadian Household Debt is at record levels. Here is some good on how to deal with Collection Agencies. A collection agency is hired to collect money for a third party, usually a company. To avoid being contacted by a collection agency, communication is the key. If you are having a difficult time paying a […]

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