Tag: personal accounting

Financial planning 101: Retirement

Registered Retirement Savings Plan (RRSP) An RRSP (registered retirement savings plan) is an investment account that is registered with the Canadian government and is used as a vehicle to save for retirement. An RRSP is different than a typical investment account because it provides…

Financial planning 101: Investments

Commodity futures contract   Before we delve into the details of commodity futures, let’s first define a commodity. A commodity in economics is a basic good that is considered the same regardless of who produced it. With grain, for example, would you really be…

2020 Personal Income Tax Changes You Need To Know

When you look at your household budget, the amounts you’re spending on mortgage/rent, transportation and food are usually top of mind. While all those expenses certainly matter, something else you should keep a watchful eye on is income tax. It’s the single biggest expense…

3 Money Tips to Follow Before Baby Comes

I have found the biggest mistake young families make is not planning prior to the arrival of their children. The fact is, the better you prepare for your financial future before baby is born, the better you’ll be prepared for the unexpected. New parents do not completely…

6 Reasons Single People May Need Life Insurance (*2 Min Read)

Many people make the assumption that life insurance is for married couples and those with kids. While it is true that not all single people need life insurance, there are a number of reasons when it can make (really) good sense. 1. You have…