All items tagged with: TFSA

Students Will Owe $30K by Graduation: Debt Management Critical

Posted: September 08, 2017 By : Knowledge Bureau
Posted in: Strategic Thinking , Debt Management, Tax Planning, Financial Advisor, knowledge bureau, TFSA, RESP, rrsp, education savings, distinguished financial advisor, financial education, professional development, post-secondary education, CE Summit, student debt, student loans, CIBC poll, back-to-school, Marcia Elaschuk, consumer debt, reducing debt, debt solutions

Three-quarters (74 per cent) of Canadian post-secondary students believe they will need to supplement their schooling with more training after graduation, despite already spending on average $14,000 each year and expecting to owe $30,000 in debt by the time they complete their current program.

Budget 2015: What’s in it For You

Posted: April 21, 2015 By: Evelyn Jacks By : Karen Milner
Posted in: Breaking News, Investment & Retirement, Succession & Estate Planning, Tax Planning , TFSA, Budget 2015

How did the Pre-Election Budget help you?

We've included several scenario's in this report to help you consider whether you were a winner. 

$10,000 TFSA Room Possible

Posted: October 08, 2014
Posted in: Breaking News, Investment & Retirement , family income splitting, tfsa contribution

Family income splitting and increased TFSA contribution room to $10,000 are on the horizon for Canadian families, said the Prime Minister last week, as Canada heads towards a small budgetary shortfall in the 2014-2015 fiscal year, as reported on October 6.

TFSA Penalties: Advisors Can Help

Posted: August 20, 2014
Posted in: Breaking News, Tax Planning , tfsa contribution

TFSA holders can withdraw any amount they want from their TFSAs at any time, but as close to 55,000 people found out in warning packages from CRA recently, putting the money back can create a 1% per month penalty if it’s done at the wrong time.

Evelyn Jacks: Average Refund Up to $1655

Posted: August 07, 2014
Posted in: Breaking News, Tax Planning , TFSA, RRSP calculator, rrsp

The interest-free loans Canadians give to their governments keeps rising – it’s up from $1646 in the 2012 tax filing year to $1655 in 2013 – that’s $138 a month that could be going into TFSAs or RRSPs instead.

Evelyn Jacks: RRSP or TFSA?

Posted: February 26, 2014
Posted in: Breaking News, Investment & Retirement, Tax Planning , TFSA, rrsp

Are you making choices between investing in a TFSA or an RRSP? Which should come first?