It's hard to imagine that your adorable little one, with those tiny hands and high-pitched squeals, will ever be a full-fledged grownup. Although it feels far away, any seasoned parent will tell you that the time flies. While the day-to-day tasks of caring for your baby or toddler are sort of … [Read more...]
Do You Know What Critical Illness Insurance Is?
A colleague of mine was diagnosed with brain cancer today and when I asked whether he had a critical illness policy, he said "NO! Can you believe after all these years of telling clients how important this insurance is, that I did not stop to put my own policy in place." And then he called himself … [Read more...]
Gearing up for Back to School Financial Checkup
Given the recessionary times we've been in and are hopefully moving out of soon, I'd like to suggest a bit of a twist on the classic Back to School shopping. I'll call it Back to School Financial Checkup. Prior to setting out to buy new clothes once we realize how much our kids have sprouted … [Read more...]
RRSP Contribution Deadline is March 2, 2009
Next Monday is your deadline for making an RRSP contribution that will count towards your 2008 tax return. I want to make an important clarification on how much one is able to contribute. If you look at your Notice of Assessment, which is the document that you are sent from CRA after you … [Read more...]
NEW! Tax Free Savings Accounts
Earlier this year, the Federal Government announced its plan to introduce a Tax Free Savings Account (TFSA) for Canadians, starting in 2009. A TFSA is a flexible registered savings plan that will improve savings and assist nearly all Canadians with their different savings needs throughout their … [Read more...]