Tag: Personal Finance

Feb 11

The RRSP contribution deadline is almost here and it offers this group a critical opportunity

Breadcrumb Trail Links Small Business Personal Finance Entrepreneur Here’s how small business owners can make the most of RRSPs, both now and in future years Feb. 29 is an important deadline for business owners with sole proprietor income or incorporated T4 income. Photo by Getty Images/iStockphoto Reviews and recommendations are unbiased and products are independently […]
Feb 5

Retirement math you need to know, from how long you’ll live to deferring CPP

Breadcrumb Trail Links Retirement Personal Finance Jason Heath: Go beyond how much you need to save with this surprising math Rules of thumb may be helpful as a starting point, but planning for and funding your own retirement should be based on data that you can relate to your own situation. Photo by Getty Images/iStockphoto […]
Dec 15

FP Answers: How do I figure out my combined marginal tax rate so I can make good financial decisions?

Breadcrumb Trail Links Taxes Personal Finance Investor Marginal tax rate is important to know because it is the tax rate you can expect to save on your first dollar of deductions Your marginal tax rate is how much tax you pay on your next dollar of income. Photo by Getty Images/iStockphoto Reviews and recommendations are […]
Jun 24

How to solve Canada’s slow-moving retirement crisis

Breadcrumb Trail Links Retirement Personal Finance Fraser Stark: Every Canadian who can comfortably navigate their own retirement finances is one less person requiring expensive subsidized care from the public purse Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article […]
Jun 23

Warren Buffett has so far donated $50.7 billion to Gates Foundation and others

Breadcrumb Trail Links Personal Finance Investor High Net Worth Made multibillion-dollar pledge in 2006 Author of the article: The Associated Press Maria Di Mento Of The Chronicle Of Philanthropy Published Jun 23, 2023  •  Last updated 36 minutes ago  •  5 minute read Join the conversation Berkshire Hathaway chairman and chief executive officer Warren Buffett has […]
Jun 10

Looking for a first home? There are more available savings options than ever

Breadcrumb Trail Links Real Estate Personal Finance News Understanding your options will allow you to build a home purchase strategy that turns your dream into a reality The FHSA is an exciting new addition to the savings programs that homeowners can leverage when purchasing their first home. Photo by Getty Images/iStockphoto Reviews and recommendations are […]
Mar 17

FP Answers: I’m 73 and newly widowed so how should I best organize my finances and investments?

Breadcrumb Trail Links Personal Finance Keep in mind the three wealth destroyers as your analyze your new financial situation There are costs that will reduce your overall wealth when you invest or borrow money. Photo by Getty Images/iStockphoto Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from […]
Mar 17

This retired Ontario man has been living on cash savings — but that’s a mistake, experts say

Breadcrumb Trail Links Personal Finance Family Finance While living off cash sounds logical, the reality is you end up with less money in the long run than from equity investing An Ontario man is currently living off of his savings and has yet to touch an $800,000-plus defined benefits pension plan. Photo by t Getty […]
Feb 7

Canadians now expect to need $1.7 million to retire, up 20% from 2020, BMO survey finds

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article content Canadians believe they will need to save up $1.7 million to retire, up 20 per cent from 2020, according to a study published by BMO Financial Group on Tuesday. […]