Jamie Golombek: He ran afoul of TFSA limit and went to court to get CRA to reconsider his case, and ended up disappointed Published Jun 22, 2023 • 5 minute read You can contribute $6,500 to your TFSA for 2023, and, depending on your age, your limit could be as high as $88,000 if you’ve… Continue reading Taxpayer’s ‘genuine’ TFSA contribution mistake still leads to CRA tax and penalty
Costly divorce leaves this 61-year-old woman wondering if she can ever retire
Anne wonders if declaring bankruptcy might help her retire. Here’s what the experts say Published Jun 22, 2023 • Last updated 6 hours ago • 5 minute read Baby boomers are the generation most likely to divorce. Anne, at 61, is trying to navigate her later life split. Photo by Getty Images/iStockphoto Divorces are occurring at… Continue reading Costly divorce leaves this 61-year-old woman wondering if she can ever retire
How to stay on budget when travelling this summer
Watch: Kelley Keehn offers some tips on how to save this summer travel season Published Jun 18, 2023 • Last updated 4 days ago • < 1 minute read Pairing a planned budget with an experience can help you avoid overspending on a vacation this summer. Photo by Getty Images/iStockphoto Kelley Keehn, founder of Money Wise… Continue reading How to stay on budget when travelling this summer
FP Answers: Can we retire in 7 years at 55 even though we have a $525,000 mortgage now?
Couple could retire with $60,000 income a year, but they need to think about the kind of lifestyle they want Published Jun 16, 2023 • Last updated 6 days ago • 4 minute read One thing to remember when retirement planning: people don’t want a retirement income; they want a retirement lifestyle. Photo by Chloe Cushman/Financial… Continue reading FP Answers: Can we retire in 7 years at 55 even though we have a $525,000 mortgage now?
Why we feel pressured to buy a home, even if it’s not the right choice for us
Understanding why we feel compelled to buy Bradley Ruffle, an economics professor and the academic director of McMaster University’s Decision Science Laboratory, says homeownership is often seen as a status symbol. From a behavioural economics perspective, which draws on both psychology and economics to uncover why people spend the way they do, it’s pretty clear… Continue reading Why we feel pressured to buy a home, even if it’s not the right choice for us
Here’s where your concert ticket money goes Here’s why tickets are so expensive, and how one group is trying to bring down the price, while paying artists more
Here’s why tickets are so expensive, and how one group is trying to bring down the price, while paying artists more Author of the article: MoneyWise James Battiston Published May 12, 2023 • Last updated May 23, 2023 • 6 minute read njaj/Shutterstock If you’ve tried to buy concert tickets recently, you’ve probably experienced frustration.… Continue reading Here’s where your concert ticket money goes Here’s why tickets are so expensive, and how one group is trying to bring down the price, while paying artists more
Planning to live a long, healthy life? Here’s what you need to know to make your money last
Ted Rechtshaffen: Combining your financial and health picture along with general life expectancy data gets you a good part of the way there Published May 29, 2023 • Last updated 1 hour ago • 5 minute read Nobody knows how long they will live. But, there is general data available on how many years toward the… Continue reading Planning to live a long, healthy life? Here’s what you need to know to make your money last
How to manage your risks to protect your portfolio from a self-inflicted injury
Create a safety net to minimize any crashes Published May 13, 2023 • Last updated May 15, 2023 • 3 minute read FP columnist Martin Pelletier is an avid mountain biker and has learned the hard way how to adjust for risk. Photo by Gavin Young/Postmedia Being an avid downhill mountain biker and skier, I… Continue reading How to manage your risks to protect your portfolio from a self-inflicted injury
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