Some Canadians are fortunate enough to get great workplace benefits. These often include health and dental coverage, a company pension and company share ownership options. Another common benefit is company life insurance (known in the industry as group life insurance).
While it can be tempting to reveal all when using AI tools, it’s important to keep your personal and financial information safe. Here’s how you can do it.
Did you know that over half of Canadians don’t have a will? And that number jumps to 70% for younger Canadians (aged 18-34) and 66% for those aged 35-54. This is even more surprising given that almost 60% of Canadians think they have a good level of estate planning in place.
Do you have a LIRA? You might and not know it. Most of us are familiar with RRSPs and TFSAs, but they’re not the only registered accounts available for retirement savings. Many Canadians have what’s called a locked-in retirement account (LIRA). It’s such an under-the-radar investment vehicle, that some LIRA holders may not even know they have one. Think of...
There are several tax benefits to being part of either a married or common-law couple. These include taking advantage of the spousal tax credit and pooling your charitable donations and medical expenses to receive a larger tax credit.
As people approach retirement, their thoughts often turn to estate planning and making sure their final wishes are officially documented. They could also consider having someone help them with their financial decisions. This can lead them to appointing an executor for their will or signing a power of attorney.
Did you know there are ways to reduce taxes on RESP withdrawals? Starting university is an exciting time for students but can be a stressful one for their parents.
A will often needs revisions and changes. But when should you review? We explain.
A Tax-Free Savings Account (TFSA) is a great tool to build wealth for most Canadians while paying less tax. Although there are many benefits to investing in a TFSA, there can also be costly mistakes. This article outlines the eight most common pitfalls people encounter and how to avoid them.