RESP

Year-end financial moves

Submitted by trufinancial
on Mon, 12/16/2013 - 12:33

Oh, there is a 2014 update and a 2015 edition....

I was actually trying to avoid this topic for the longest time, since there are already so many of them out there, I thought my readers would have more than enough information needed regarding what they need to do by the year-end to make sure they get what they need for the 2013 calendar year...

Turns out, still lots of people seems not too sure what is needed and why they need to take these deadlines seriously.

Tags: 
Year-end
planning
tax
donation
capital loss
RRSP
TFSA
RESP

Classic question: RRSP, RESP or TFSA??

Submitted by trufinancial
on Sat, 10/05/2013 - 11:35
*Updated: Jan 17, 2020 with new Home Buyers' Plan info, and updated TFSA room
*Updated: Mar 29, 2019 with non residency of Canadians on TFSAs
*Updated: Nov 28, 2018 (TFSA annual contribution room increasing to $6,000 a year from 2019)
We all have limited resources... Lots of people asking the same question over and over again, among retirement savings, education saving for kids and tax free savings, which is the better way to save?
 
The answer is: it depends. I know, I know, you hate this answer.
Tags: 
RRSP
TFSA
RESP
education
retirement
emergency fund

Banks can be harmful, too

Submitted by trufinancial
on Tue, 09/13/2011 - 12:26

Subsequently, I worte a second part to this article...

So, I was tweeting as usual... was reading through the transcript of the chat on Globe & Mail RESP Q&A which was held on Sept 7. It was a great chat, and I always like the way Mike handles his questions...LOL

 
 
Anyway, I have to oppose going to the banks for everything you need... I am sorry, you might think the banks are great, but the truth is you hardly get a good banker who will be able to (or willing) to look into everything for you on every aspect that (s)he can, and that's the fact (so if you do have a good banker, treasure
Tags: 
bank
advisor
financial
strategy
twitter
MoneySmartsBlog
Mike Holman
RRSP
RESP