Which is Better; RRSP or TFSA plan?

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A recent report found that 32% of Canadians do not know the difference between TFSAs and RRSPs. I guess – advisors aren’t doing a great job helping investors make the most out of these plans, through the various stages in their lives. In a showdown between TFSAs and RRSPs, Canadians have a clear favourite: over half say they’d prefer to put their money in a TFSA, according to a report by Toronto-based Bank of Montreal (BMO). March 1, 2019 is the deadline for any RRSP contributions to count towards the 2018 tax year. Need help deciding the Best one for U? Let us know!! #RRSP#TFSA #diversification #futureplanning #incometax.

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Government grants to small business: “free seed money” – go unused

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For small business and startup companies, one of the biggest challenges to get the enterprise going is finance to implement your creative and innovative ideas. Unfortunately, many businesses never consult financial professionals to ease this hurdle to an excellent “take off”. Small business hiring grants are available throughout the year, often for a certain period of time. They usually cover about 50 to 70 percent of the wage of someone being brought on to the payroll. Many programs are for recent post-secondary graduates or students with relevant work experience. Read more..

Securing Your Business

Five steps to financial readiness for new parents

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You have many memories-in-the-making to look forward to—first birthdays, ballet recitals, family vacations, soccer goals and graduations from kindergarten to college.

It’s expensive to raise and educate children, but as parents we want what’s best for them. Add up everything from daycare and diapers to music lessons, hockey gear and birthday parties, and you’ll be glad you planned ahead. Life happens, and don’t be like a deer caught in the headlights.

As well, unforeseen events can change everything in an instant. When your child is home sick it often means that you or your partner will miss work. Or if you become ill you may need some added support. That’s why contingency plans and easy-to-access emergency funds are so important, as they can protect your family and budget.

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Educational Planning