TFSA or RRSP?

TFSA or RRSP? – The Right Answer for You (2024)

Deciding between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP) can be one of the most challenging financial decisions you’ll face.  Each has its benefits, and the right choice depends on your unique financial situation.  In this post, I’ll guide you through understanding the factors that determine whether a TFSA or…

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When can I Retire with the Lifestyle I Want?

Financial freedom. It is what we really want. You need a Retirement Plan to get there. It will not happen on its own. Creating your Retirement Plan is fun. It makes you wealthier. It’s not about your money – it’s about your life. Prefer an overview? Like videos or podcasts? Check out our whiteboard video,…

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Money123 Article: Saving Tax on Severance or Retention Bonus

Want to save tax on your severance or a retention bonus? Here’s how! As a financial planner for Global News’ Money123 online email newsletter, I answer reader questions about investing, managing your finances, and planning for your future. In the latest email that went out to subscribers, I answered a question about someone who was…

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Using Your Corporation As Your Retirement Fund

Can you fund your retirement from your corporation? That’s the question I answer in my latest video and podcast episode specifically for business owners. This is part # 2 of the video I did last week, where I go deeper into tax-efficient investment strategies when owning a corporation. It may seem complicated (if you’re talking…

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