It’s official – 2023 TFSA contribution room is $6,500! Be sure to make the adjustments to your pre-authorized contributions to utilize all the room. Let’s take this time to remind ourselves of some of the benefits of the Tax Fee Savings Account. In reality, the vehicle was misnamed from its inception. A more accurate name …
MoneySense.ca: “As soon as a taxpayer starts to earn income—like employment income, self-employment income, royalties, research grants or net rental income—they accumulate room for their registered retirement savings plan (RRSP). There are no age limits, so a teenager with a part-time job can start to build their RRSP room as long as they file a tax return …
PsychologyToday.com: “As we grow older, we inevitably start to notice changes in cognitive function. This article has some great suggestions on how to keep your brain healthy.”
2022 will be remembered as the year of rising interest rates in our economy. Canada has led the charge globally, increasing its interest rates at a torrid pace. The reason for this interest rate increase stems from our inflation issue. Inflation in Canada at its highest point was 8.1%, approximately 4X higher than it has …
With interest rates on the rise, why would anyone take market risk and invest their money? Great questions, but I have 3 important reasons why: Take care of your future self Preserve your money against inflation Replace your human capital with financial capital The common theme to all these reasons is that you are taking …
As a client of The McClelland Financial Group (“TMFG”), you have become accustomed to having our next meeting scheduled in the current one. This is an effective method of ensuring we maintain consistent contact. But, we understand life gets busy, and meetings get cancelled. Given our past experience, cancelled meetings should be rescheduled immediately. Otherwise, …
The concept of insurance has always been difficult for people to accept. After all, nobody believes they will be sick. It is easier to understand that you will pass away at some point. This is why we have seen that life insurance is the most common policy. However, the statistics show a very different story. …
Surviving an illness is likely, but also expensive Read More »
ProvenWinners.com “It’s not time to hang up your rake until the last gardening tasks of the season are complete. Here are ten essential fall tasks to finish before the snow flies to ensure your garden will shine next spring.”
The first step to managing your finances is understanding where you currently are. This can be accomplished with the use of a personal balance sheet that will clear your confusion by presenting you with a clear picture of your financial position. Although it can appear to be a daunting, technical phrase reserved for corporations and …
For those that thought meme-stock mania was dead, were met with a sudden and unexpected return. You may remember names like Game Stop, AMC, and Blackberry from early 2021. At that time, we were seeing their stock prices surge in value over short periods of time. Much of this can be attributed to retail investors …
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Disclaimer | Assante advisory services are offered through Assante Capital Management Ltd. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. The services described may not be applicable or available with respect to all clients. Services and products may be provided by an Assante advisor or through affiliated or non-affiliated third parties. Some services and products may not be available through all Assante advisors. Services may change without notice. Insurance products and services are provided through Assante Estate and Insurance Services Inc.
