The professionals at The Money Tree Financial Planning Inc. strive to bring growth and stability to your financial life.
How would your retirement change if you could be debt free 10 years sooner?
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Want to get more out of life with the money you already have?
Many people plan ahead and prepare their own final arrangements, some will even pre-pay; although most funeral homes don’t require it. Why is planning ahead a good idea? It saves your family and friends from having to make many…
With interest rates expected to rise many Canadians are second-guessing some of the financial decisions they have made; 43% regret how much debt they are currently carrying. When looking at your personal finances remember it is not just about the…
A Registered Retirement Savings Plan (RRSP) is not an investment in itself; but rather an account that you hold investments within. An RRSP is not tax-free, it is a savings plan that allows you to put off paying tax on…
With the holidays behind us Canadians now turn their focus to compiling their tax receipts as they look ahead to filing their returns before April 30th. Here are a few important numbers you may need: Working Canadians: RRSP Contribution Limit:…
In 2017 we saw synchronized growth in the world’s economies; in 2018 the global markets moved out-of-sync with each other and away from harmonized growth. This desynchronization of the world’s economies caused the U.S. dollar to strengthen and led the…
There is always talk about the Santa Claus Rally in the financial industry this time of year, and with good reason. Since 1990 the Down Jones industrial average has gained 2% on average in the last month of the year,…
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…
As we head into the Christmas shopping season at full speed many of us will be turning to the internet to make our purchases. No matter how cautious we are about protecting our personal information; crooks will always come up…
It’s Black Friday; the official start to the Christmas shopping season! Here are some useful strategies so you don’t end up with a nasty credit card bill in January: Set a Budget. Without a plan or budget, most people will…
November is Financial Planning month; and as a follow up to the Financial Planning Standard’s Council (FPSC) survey done in 2014, the FPSC recently commissioned a Financial Stress survey. Of the over 1,100 Canadians surveyed 41% ranked money as their…