You’re ready to head off for college or university and you know your money will be tight.
With house prices rising so rapidly over the last five years, many people are tearing down their homes to build new ones instead of purchasing a new place elsewhere.
If you’ve been saving diligently in a Registered Education Savings Plan (RESP), there should be enough money to cover most if not all of your child’s education and living expenses.
Boomers are often optimists – but, according to a recent survey, they can also be unrealistic about their health and the state of their finances in retirement.
Some things are difficult to talk about with family – and death leads that list. The reluctance is understandable but now is the time to have a conversation about death and money with your loved ones.
The hand-off. It’s the simplest play in a football coach’s playbook. But as any sports fan knows, even the simplest play can go wrong for any number of reasons. The same could be true of your family cottage hand-off.
As a father, mother or grandparent who has done well in life, you have probably considered giving financial gifts to your adult children or grandchildren while you are still alive instead of, or in addition to, providing an inheritance to them when you are gone.
How do you contribute to your registered retirement savings plan and your tax-free savings account? Do you make regular contributions through the year?
The first gift you unwrap this Christmas season is one you should give yourself – a realistic Christmas budget that will keep you from overspending and getting hit with an avalanche of hard-to-pay bills long after the ‘spirit of the season’ has worn off and fiscal realities have returned.