Process involves allocating varying amounts of cash to envelopes or pouches labelled with savings priorities Author of the article: The Canadian Press Tara Deschamps Published Aug 24, 2023 • Last updated 19 hours ago • 4 minute read ‘Cash-stuffing’ has picked up a fervent following in recent years as social media influencers adopted the technique. Photo… Continue reading ‘Cash stuffing’ offers path to savings with fresh take on an old budgeting trick
Not all pensions are created equally, so choose wisely
Variations can impact retirement income, estate planning, control and costs Published Aug 22, 2023 • Last updated 16 hours ago • 6 minute read Individuals can pave the way towards a more secure and prosperous retirement by carefully considering the unique features and benefits of different pension plans. Photo by Getty Images/iStockphoto By Chris Warner Pensions… Continue reading Not all pensions are created equally, so choose wisely
Often overlooked, here’s how permanent life insurance can be a valuable planning tool
Adds significant value to your financial portfolio and helps you achieve your long-term goals Published Aug 20, 2023 • Last updated 19 hours ago • 3 minute read Permanent life insurance can be an invaluable tool when it comes to estate planning. Photo by Getty Images/iStockphoto Whether owned personally or by a corporation, permanent life insurance… Continue reading Often overlooked, here’s how permanent life insurance can be a valuable planning tool
FP Answers: What’s the best strategy for making good use of my CPP, Old Age Security and RRSP money?
In this reader’s case, it makes sense to start collecting CPP right away at age 61 Published Aug 18, 2023 • Last updated 22 hours ago • 3 minute read Life expectancy is an important consideration when deciding when to start CPP. Photo by Ryan Remiorz/The Canadian Press By Julie Cazzin with Andrew Dobson Q: I… Continue reading FP Answers: What’s the best strategy for making good use of my CPP, Old Age Security and RRSP money?
Inside a fight between a taxpayer and Revenu Quebec over measuring home office space
Jamie Golombek: Taxpayer argued thickness of walls should be subtracted from calculations because they aren’t ‘useable areas’ Published Aug 17, 2023 • 4 minute read A dispute about the portion of deductible home office expenses that ended up in the hinged on how to properly measure square footage. Photo by Getty Images/iStockphoto If you work… Continue reading Inside a fight between a taxpayer and Revenu Quebec over measuring home office space
Middle-aged, newly single woman needs to think beyond her debt
Joanne’s focus on paying down her mortgage has meant she’s paused building savings and just about everything else Published Aug 16, 2023 • 5 minute read Joanne has been aggressively working to pay off her mortgage and outpace rate increases. Photo by Chloe Cushman/Financial Post illustration files At age 53, Joanne* finds herself at a… Continue reading Middle-aged, newly single woman needs to think beyond her debt
Why couples should consider co-mingling their finances
Research shows that couples who merge their money are more likely to be happy and successful Published Aug 15, 2023 • Last updated 3 days ago • 5 minute read There is a strong case for couples to completely co-mingle their finances despite some potential drawbacks. Photo by Getty Images/iStockphoto Given the highly personal nature of… Continue reading Why couples should consider co-mingling their finances
FP Answers: What’s the best way to minimize taxes when gifting two rental properties?
Parents want to give their daughter a townhouse and a condo Published Aug 11, 2023 • Last updated 19 hours ago • 4 minute read A daughter, whose parents who want to gift her property, is worried about taxes. Photo by Gigi Suhanic/Financial Post photo illustration By Julie Cazzin with Allan Norman Q: My parents own real… Continue reading FP Answers: What’s the best way to minimize taxes when gifting two rental properties?