savings

RESP, RRSP or TFSA

Posted:

Feb 14, 2019

Last month Gerald wrote about investing and the thrill experienced from receiving money that you did not work for. This article is even better. How you can get money from the Government or at least keep some of your money from going to the Government.

Tags:

taxes, personal finances, Fernie BC, savings

Saving for Your Child's Education

Posted:

Feb 27, 2012

I was at the Liquor Store this fall buying… I think it was beer that time, and the person assisting me with my purchase asked if I could discuss ways to save for your child’s education in the next column.

Tags:

savings, financial planning, financial advice

Change Your Habits and Save

Posted:

Jan 23, 2012

After a month of indulging, your belt is probably feeling a little tight! I know mine is. I cannot resist food. It should loosen up in a few weeks after we return to our regular eating habits. While we are on the subject of belts and habits, why not try to change some of our spending habits so that we can tighten our belts?

I have a few suggestions for your New Year resolutions list:

1. Turn down the thermostat a few degrees. Layer up. There is no reason to be in a t-shirt and bare feet in the middle of the winter.

Tags:

savings, personal finance, financial resolutions

finance, tax free savings, RRSP, investing

RRSP versus TFSA

Posted:

Jan 28, 2011

A frequently asked question is whether it is preferable to invest in an RRSP or a TFSA. We would like to receive an answer that is “cut and dry” but that’s impossible since we are all at different stages in our lives and our goals and objectives vary.

To refresh our memories, here is a brief recap of the characteristics of each plan.

RRSP
_ You can contribute up to 18% of your prior year’s earned income to a maximum of $22,000 for 2010;
_ Your unused contribution room is carried forward to the next year;

Tags:

investing, RRSP, tax free savings, retirement, financial goals, savings, financial planning