by Rona Birenbaum BAS CFP®, CHFS | Feb 8, 2024 | All About Investing, All About Tax, Cash Flow Concerns
Launched in April 2023, the First Home Savings Account (FHSA) offers some interesting financial planning opportunities to Canadians who aren’t homeowners. The Basics For those who aren’t familiar with FHSAs, here’s a quick summary of the rules: You can open an FHSA if...
by Sara Ready CFP® | Apr 12, 2021 | All About Tax, Cash Flow Concerns
Given the year we’ve had, many Canadians have been collecting Employment Insurance (EI) benefits. While the basics of EI are well known, it may surprise some recipients that they must repay some of the benefits if their net income exceeds a certain threshold. ...
by Morgan Ulmer CFP® | Jan 3, 2021 | All About Tax, Cash Flow Concerns
Canada’s income tax structure means that the collective tax paid by two spouses each earning $50,000 is less one spouse earning $100,000. This framework is what makes spousal income splitting desirable. Like other income, earnings from a non-registered account are...
by Rona Birenbaum BAS CFP®, CHFS | Feb 28, 2020 | All About Investing, Cash Flow Concerns, Risk Management
First, two definitions: Bear market – From www.investopedia.com A bear market is a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment. We are about 5% away from that at the moment. Global...
by Rona Birenbaum BAS CFP®, CHFS | Dec 16, 2019 | Cash Flow Concerns
Pet insurance can be a life-saver in many situations. But before you sign a policy, make sure you’ve considered the following factors: Your pet’s age If you plan to purchase insurance for your pet, it is advantageous to do so at the beginning of the animal’s life when...
by Rona Birenbaum BAS CFP®, CHFS | Dec 12, 2019 | Cash Flow Concerns
Adopting a pet can be one of the most wonderful things you can do for yourself and your family. But the question is, can you afford it? Below are 6 costs to consider before you either give a pet as a gift or bring one into your life. Food Do you purchase high-end or...
