Investing and Personal Finance
One question which I’ve received several times recently, is how to unlock funds in an Ontario locked-in retirement account such as a LIRA, LRIF. I did this for my Dad a couple of years ago and successfully unlocked his LIRA. Ironically, he never should have had a LIRA – it must have been an RRSP [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs.  |
The good people at Intuit sent me a copy of Quicken Home & Business as well as Quicken Cash Manager, both of which I’m going to give away. I gave the Home & Business a test run and was quite impressed. It’s a really good money management software program. I didn’t try out the Cash [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
TurboTax winner The winner of the big TurboTax draw was none other than the fabulous Amy! Congrats Amy – May your tax return be very large this year (even if that is an indicator of poor financial management). On with the links Canadian Mortgage Trends puts the number of mortgages in arrears into a proper [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
There is a lot of retirement angst going around. How much money do I need to retire? How do I manage my investments so I don’t screw up my retirement? Can you increase CPP so I don’t have to worry about it? Don’t worry about achieving the perfect retirement scenario Too many people (helped by [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
My daughter is almost three and likes to repeat pretty much everything she hears. Recently she was watching a dinosaur show where they mentioned “predators in the forest”. Now she keeps warning us of the “creditors in the forest and other meat-eaters too”. Ok, maybe you had to be there. On with the links [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The RRSP home buyers plan is a great way to beef up your house down payment. When I bought my first house, I had a down payment of $20,000 which was taken from my RRSP. If you are thinking of borrowing from your RRSP to buy a house or condo, here are some rules to [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The good people at TurboTax Canada (formerly QuickTax) have offered to give away a copy of their tax software to one lucky reader of this blog. This contest is closed! I’ve used TurboTax and it is very good. You can do the “interview” mode where the software asks you a pile of questions and will [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Before you hire a financial advisor, it is important to do some research and make sure the advisor is who they say they are. Did they really complete their CFP? Are they licensed in your province? Have there been disciplinary action against them in the past? Just because a potential financial advisor wears a nice [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Weight is holding steady at 180.5 pounds this morning. I’m still dieting, but I’ve decided not to be so hard-core. I lost about 10-11 pounds in about 5 weeks. While my methods were effective, they also made life quite miserable for a while. My fave articles of the week Reader Mark has a blog where [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The Ontario government recently announced a provincial tax credit for Ontario families that would include all the sports activities covered under the federal fitness tax credit program, as well as non-sports activities. This program is an alternative to the federal children’s fitness tax credit for the 2009 tax year, which is available to all Canadian [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I was notified recently by Questrade discount brokerage that they were making a number of improvements to their website and service, effective today (Feb 7, 2011). The biggest improvement is that you can now see your balances, positions and transactions in the MyQuestrade.com screen. Previously you had to log into the Penson site to see [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The diet continues (sort of). I fell off the wagon last weekend. Actually, it was more like diving off the wagon head first. My “no beer” diet rules stated that I had to weigh in at less than 180 pounds for two days in a row before I could have any beer. In fact I [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
This question of TFSA or RRSP for your retirement funds is a tough one, because there are a lot of variables to consider. To make things worse, some of these variables are unknown, which means you have to make assumptions about future events which might not be all that accurate. I’ve put together some very [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
