by Admin | Jun 10, 2024 | Financial Advice & Investing, Personal Finance |
A Family RESP offers you a flexible way to save for multiple children’s education in one account, making contributions simpler and potentially maximizing government grants. You can tailor funds to each child’s educational needs, and investment growth is...
by Admin | Jun 10, 2024 | Financial Advice & Investing, Personal Finance |
To reduce the tax on your severance pay in Canada, consider a few key strategies. Contributing to your RRSP can lower your taxable income, and spreading payments over several years may keep you in a lower tax bracket. Opting for salary continuance rather than a lump...
by Admin | Jun 10, 2024 | Financial Advice & Investing, Personal Finance |
Yes, RRIF income affects your GIS benefits because RRIF withdrawals count as taxable income. The more you withdraw from your RRIF, the less you’ll receive from the GIS, since GIS benefits decrease as your taxable income increases. To minimize this impact,...
by Admin | Mar 6, 2024 | Banking, Personal Finance |
Mortgage portability is a handy feature you might not even know you have! It’s the ability to transfer your current mortgage—with its existing rate and terms—from your old home to your new abode. Think of it as packing up not just your belongings but your loan...
by Admin | Mar 6, 2024 | Financial Advice & Investing, Online and Software, Robo Advisors |
In recent years, robo-advisors have significantly evolved, becoming a cornerstone of the fintech revolution. Today’s robo-advisors are not just digital; they are increasingly intelligent, leveraging advanced artificial intelligence (AI) and machine learning to...
