My Pension Deferral Dilemma

As some of you know, I left my full-time job in January of 2018 to freelance and spend more time with my daughter. What you may not know is that I was still technically an employee since I would do the occasional shift during a major event. Oh, it also allowed me to keep all…

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How to Build a Relationship With Your Financial Advisor

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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Is an RRSP Loan Worth it?

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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The Easiest Way to Start an RRSP

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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RRSP Mistakes to Avoid

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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RRSP vs TFSA: Which one to choose?

**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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Stop screwing your retirement

Stop Screwing Your Retirement!

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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Live at Home Without Debt

Live at Home Without Debt? Here’s What to do With Your Money

A little while back, a reader of mine (Suzette) commented on how it would be interesting to read a post that’s aimed at Asians. Her point was that many Asians typically live at home rent-free until they’re married and usually their parents would have paid for their education. As someone who fits that description perfectly,…

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Don't panic about your RRSP

Don’t Stress out About Your RRSP and TFSA!

**This is a sponsored post written by me on behalf of BMO. All opinions are my own. Every year, you have until the 60th day of the year to make a Registered Retirement Savings Plan (RRSP) contribution. In other words, if you want to claim that contribution to your previous year’s tax return, you better…

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Understanding the RRSP Basics

You’ve likely noticed by now a ton of ads for RRSPs. This is pretty typical from the banks since the end of February is the deadline for contributions for the previous tax year. This is a great reminder for everyone, but RRSP contributions can be made any time during the year so there’s no need…

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