The professionals at The Money Tree Financial Planning Inc. strive to bring growth and stability to your financial life.
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If you are converting your RRSP into an RRIF this year, here are five things to consider. Making one last RRSP contribution If you are 71 years old and still have RRSP contribution room, consider making one last RRSP contribution…
The annual contribution limit for the Tax-Free Savings Account (TFSA) is expected to remain at $7000 for 2025; bringing up the maximum contribution limit to $102,000. The annual TFSA contribution amount is indexed to inflation every year and rounded up…
Millennial women are exhausted, disillusioned, and feel let down after a lifetime of being told they could ‘have it all’. At work, they feel unsupported and undervalued. At home, they are still expected to take on the heavier load of…
Every three minutes Cancer picks a fight with another Canadian. Becoming critically ill is something none of us want to think about; but we all know families whose lives have been dramatically affected by this terrible disease. Some of you are…
Not sure if you are financially stable enough to retire? If you can check off most of the following items chances are you’re ready. 1. Your home is paid for. Most people live on a reduced fixed income during retirement, so…
As a wave of mortgages are set to renew over the next two years many Canadian homeowners are fearing the worst. Canadian banks have approximately $2 trillion in residential mortgages on their books, and most of those renewing are looking…
As a parent, it can seem almost impossible to teach your kids the importance of saving for their future and understanding the value of money. Depending on the age of your child, the way you teach these lessons may vary. …
It’s not the kind of question that comes up every day; so, before you accept automatically you should know what will be expected of you. Although you may be flattered by the request, your willingness to be someone’s executor should…
Paying rent, utility bills, debt payments and groceries while also trying to save money and have some left over cash for things you actually enjoy, can seem almost impossible to do. Especially during inflationary times when the prices of your…
If your child is planning on attending college or university next month, chances are you are thinking about redeeming money from your Registered Education Savings Plan (RESP). Although you don’t have to provide receipts; you will have to provide Proof…