The professionals at The Money Tree Financial Planning Inc. strive to bring growth and stability to your financial life.
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The global economy continued to recover in the second quarter helped by the rollout of COVID-19 vaccines, U.S. fiscal stimulus programs and supportive monetary policies from major central banks. U.S., Canadian and global equity markets ended the quarter stronger than…
Legislation coming into effect on August 30, 2021, is meant to help women receive fair compensation from all federally regulated employers. It was created to help close the gender wage gap that still exists; and will be phased in over…
More than 1.49 million women and almost 445,000 men become widowed in Canada every year. Losing a spouse unleashes a deluge of financial tasks that can be daunting, even if the survivor was actively involved in the financial matters before…
Are you Ready to say goodbye to your job? As the pandemic begins to slow and we start to return to normal, have you found yourself re-evaluating your employment situation? if you have, you are not alone. Many people are…
June is Pride month in Toronto and for the second year in a row celebrations are being held virtually around the city. The number of same-sex couples has doubled in Canada in the last ten years, making up almost 1%…
Tonight’s Lotto Max jackpot is $70 million, with 50 additional One Million Dollar prizes; the chance of winning is 1 in 14 million. However, It’s also forecasted that over 1.3 Trillion dollars will be passed down through inheritances over the…
Myth #1: You Don’t Need One Whether you have a lot of money or very little a sound financial plan will help point you in the right direction – towards your long term goals. Whether they are to minimize taxes,…
Recreational property sales in Canada have soared over the past year. Since people have not been able to travel, cottage country is the new preferred vacation destination. With cottage season officially underway, you may want to double check your policy…
Well, with filing our taxes in the rear-view mirror, it’s time to turn our attention from receipts and filing compliance to what to do with our refunds. Understanding the urge to spend it on Amazon or Skip-the-Dishes, here are a…
You can withdraw money from your RRSP at any time. However, the amount you withdraw will be included as part of your taxable income for that year and taxed at your marginal rate. Amounts withdrawn cannot be recontributed into your…