It’s the question I hear more than any other: “Am I saving enough?” Most people try to answer it by pulling a single number out of thin air — usually assuming a smooth 7% annual return in a spreadsheet. But early in your investing journey, staring at market returns is actually a distraction. If you’re […]
If you’re saving for your first home — or watching your adult kids try to — there’s a relatively new account designed exactly for that job, and many Canadians still haven’t opened one. The First Home Savings Account (FHSA), available since 2023, combines the best parts of an RRSP and a TFSA for one purpose: […]
Looking for a safe place to have your money work for you? How about a chequing account that pays 3%? The Manulife Advantage Account — with no monthly fees — is offering a limited-time 3.00% promotional interest rate for 2 years. Nice to have that in your back pocket. Or maybe your new daily driver? […]
If you have kids or grandkids, the Registered Education Savings Plan is one of the best deals in the Canadian tax system — and a surprising number of families leave part of it unclaimed. Here’s the headline: the federal government adds 20 cents for every dollar you contribute, through the Canada Education Savings Grant (CESG), […]
“How much life insurance do I need?” It’s a simple question with a not-so-simple answer — because the right number has nothing to do with rules of thumb and everything to do with your family’s actual math. You’ve probably heard “10 times your income.” It’s tidy, but it ignores your mortgage balance, your kids’ ages, […]
It’s the question I hear most often: “Should I put my savings in my RRSP or my TFSA?” And right now, the question has a deadline attached: March 2 is the last day to make RRSP contributions that count for the 2025 tax year. The core difference is timing of the tax break. RRSP contributions […]
Every January 1st, every Canadian 18 and older gets a fresh gift from the CRA: another $7,000 of TFSA contribution room. If you’ve never contributed and were 18 or older since 2009, that’s now $102,000 of total lifetime room waiting for you. The TFSA remains the most flexible account in the Canadian system. Contributions aren’t […]
I am thrilled that a child of one of my insurance clients was awarded a Forester Financial scholarship four year scholarship worth over $8,000 just last year! ~CONGRATULATIONS~ This is only one of the amazing benefits they had through their insurance company. There are over 250 similar scholarships available this year! Ask me about how […]
“People need insurance not only because they are going to die, but because they are going to live.” – Dr. Marius Barnard. Dr. Barnard is a South African cardiac surgeon who helped perform the first successful heart transplant. He recognized that his patients, whose lives were saved by surgery and medical advances, often saw their life savings […]
I talking to a friend recently who financial dream was to purchase a house. I was sharing a way they could significantly increase their down payment in 90 days with a government