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RESP

Year-end financial moves

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.

Classic question: RRSP, RESP or TFSA??

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.

Banks can be harmful, too

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