RRSP
I’ve worked with a handful of financial advisors over the years and I can honestly say I’ve never had a relationship with any of them until I connected with a fee only financial advisor. This shouldn’t be too surprising as many financial advisors (who are associated with a bank or investment firm) don’t exactly have…
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Should you get an RRSP loan? That’s a question that I’ve been getting a lot as of late. At first, I was like this is a very specific question for new investors to be asking, then I realized that banks advertise RRSP loans all over the place. They make it sound like it’s an excellent…
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Your podcast feed and Youtube stream are often interrupted by promises of dreamy retirements and passive-aggressive shaming about how you really need to get started saving. Yup – it must be “RRSP season” again. I have never liked RRSP season. There is no logical reason why the date for which you can “count back” RRSP…
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Although registered retirement savings plans (RRSP) have been around for more than 50 years, many people are still confused about them. Understanding the basics is one thing, but people often struggle when deciding between using their RRSP vs. TFSA. To complicate things, there are many RRSP mistakes that you can make. That can be something…
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One of the most commonly talked about topics in the personal finance world is fees. Most people realize that you’re going to pay a fee since you’re getting a service, but you may be shocked to find out how much you’re paying in fees. Eliminating small daily fees are great for improving our cash flow,…
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**This is a sponsored post written by me on behalf of Sun Life. All opinions are my own. Without a doubt, the #1 question I get asked about personal finance is Tax-Free Savings Account (TFSA) vs Registered Retirement Savings Plan (RRSP). Which one should I choose? There’s no simple answer since both have their benefits.…
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When it comes to investing, one of the most popular products, if not the most popular, is a mutual fund. This type of investment product is available to all investors, but many still don’t know what is a mutual fund. To simply put it, a mutual fund is an investment product that consists of stocks,…
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As a personal finance writer, I always try to be positive when I talk about money. I understand that managing your finances is no easy task. I openly admit that I’ve made some mistakes in the past which is why I try to relate what I’ve learned to you. But there’s one thing that drives…
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Now that the RRSP season is officially over, although technically there is no RRSP season, I want to focus on a subject that many people wonder about. How to transfer your RRSP to another financial institution. At first glance, making the switch may appear difficult, but it’s a surprisingly easy process. Generally speaking, all you…
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motusbank is here! The first thing you need to know is that motusbank is a brand new Canadian digital bank which is a subsidiary of Meridian. In case you’re not familiar, they’re one of the most popular credit unions in Ontario and Canada. For years, Meridian has been offering some amazing products including one of…
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