Advisorsavvy Blog

Registered Retirement Savings Plans (RRSPs) help you save for your future. But many Canadians may want or even need, access to that pot of funds early. If that’s you, it’s important to understand RRSP withdrawal rules so you can make the best decision for your situation.

Evelyn Jacks from Knowledge Bureau provides us with her tax strategies for 2019 – happy filling!

How are you supposed to know which credit card is best for travel? Well, it depends on a lot of factors.

Take full advantage of your RRSP. With proper planning and an understanding of what you can and can’t contribute, and when, you can reap the rewards in retirement.

Financial planning is the best way to manage the waxes and wanes in your financial situation. It allows you to live comfortably, while saving for a rainy day and, eventually, retirement.

It is best to consider consolidation if you have multiple debts with high-interest costs and if you are not paying them off in full every month.

We have put together a list of budgeting tips for Canadians to help reduce the stress of worrying about whether you have the cash to cover your expenses.

Buying a property is exciting. But it can also be pretty overwhelming.

As with all investment products, there are limits and rules to what and when you can contribute. And if you go above the allotted maximum, there is typically a penalty. Similarly, TFSA over contributions are subject to a tax.

Are you planning for retirement? Did you start contributing from day one of your first job?

Trevor Van Nest, Founder and Owner of Niagara Region Money Coaches

In order to get credit, you need credit — it’s one of life’s greatest frustrations.

You pay for insurance, but it’s something you hope you never have to use.

It sounds simple enough, but it’s important to understand how you can benefit from investing.

The level of debt and value of assets are especially important for the financial security of seniors.

Dave Lee, Senior Wealth Advisor, of Scotia Wealth Management

Not all credit cards are created equal.

An insurance broker helps to review your current lifestyle and provide guidance on the insurance that will best meet your needs.

A TFSA works like any savings account, in that you set aside whatever money you want (up to a government-set maximum) and you can remove it whenever you want, without penalty.

Do you know how or if you’d benefit from using an investment advisor, and how to find one?