Saving For Retirement!
Many of us set New Year’s resolutions for ourselves and often those resolutions have to do with finances. January is the month we say, “Ok, this year I am going to save more and spend less”. This article won’t tell you how to spend less, but it will outline two government sponsored programs available to help you save for retirement or even just a rainy day! Of course these are not the only vehicle...Continue
Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs. Soon the amount of funds that can be tax sheltered within a life insurance policy will be reduced by new tax rules which take effect January 1, 2017. These changes may make 2016 the best year to buy cash value life insurance.
The changes to the tax rules regarding life insurance have resulted in an update t...Continue
"Only about one-third of Canadians are living within their means and think they are prepared for the long-term financial future. One-third are living within their means but are often not prepared for this long-term future. And one-third are struggling to live within their means." That's the upshot of a new report from Canada Financial Savings, which this week reported that 63 percent of Canadians say they're making somewhere between "fair" and "no" progress in building ...Continue