by OBS | Nov 15, 2023 | Investments, RESP, Retirement, Retirement Savings
You’ve been diligently stashing away some money from every paycheque, contributing to your retirement income. Perhaps you have a defined contribution pension or, if you’re one of the lucky ones, the defined benefit version. Whatever your process, when it comes to...
by OBS | Oct 4, 2023 | FHSA, Financial Info, Investments, Mortgages
While the Canadian housing market might be scary, owning a first home is not out of reach – and it’s never too early to start saving for your first home. If you are 18 or over, you are eligible to sign up for a new registered plan – appropriately called the First Home...
by OBS | Sep 12, 2023 | Investments, RESP
Interested in maximizing the impact of your RESP contributions? Here is a great strategy to consider. First, a bit of a refresher on RESPs: the Registered Education Savings Plan has two significant benefits. First, the availability of government grants. The government...
by OBS | Feb 11, 2022 | Financial Info, Investments, Mortgages
Unfortunately, in Canada, our educational system has had large deficiencies when it comes to Financial Literacy. Financial Management, Debt Management and basically anything to do with what we do after we make our money and how to keep it, has been left for us to...
by OBS | Oct 25, 2021 | Financial Info, Investments, Taxes
Did you know RRSP’s need to be reported in the first 60 days in order to avoid a Tax Bill? Attention all RRSP-er’s! CRA will Adjust your Tax Return for failure to report your first 60 days of RRSP Contributions correctly....
by OBS | Oct 25, 2021 | Financial Info, Investments
What is over contributing in terms of RRSP’s? In Canada, the Government allows you to defer upto 18% of your annual “Earned” income, through the use of Registered Tax Deferal Plans, These Plans are usually refered to as RRSP’s, Pension Plans...
