The professionals at The Money Tree Financial Planning Inc. strive to bring growth and stability to your financial life.
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A couple of weeks ago the Ontario Liberal government announced their 2018 budget. Although the benefits may seem vary enticing, it leaves one to wonder, how are all these things going to be paid for? As it sits, Ontario’s debt…
April is Autism awareness month; these types of campaigns are important because they remind us of the many families whom struggle financially to take care of disabled loved ones. One government program that can help is a Registered Disability Savings…
If you Google tax questions you’re not alone. According to Google trends Canadians’ tax searches increase every year between February and May. Here are the top four Googled tax questions for 2017; #1 Income Tax Deadline in Canada. The last…
Your estate planning shouldn’t end with an up-to-date will; it should also include powers of attorney (PoA) for both property and personal care. A Power of Attorney is a legal document that gives someone else the right to act on…
You’re not alone Did you always imagine you would be debt-free by your 50s? Are you surprised, and disappointed, that you’re not? You are not alone. Canadians in their 50s have an average of $108,000 in household debt. Your 40s…
There is a lot of talk lately about Pay Equity for women. It’s been 30 years since the government introduced Equal-Pay-for-Equal-work legislation. This year both the Federal and Provincial governments have proposed further legislation to standardize employment income in hopes…
Earlier this week the federal government presented its third annual budget entitled Equity + Growth: A Strong Middle Class. The budget mainly focuses on investing in innovation and research as well as pay equity, with the goal to position Canada’s…
With the RRSP deadline fast approaching (Thursday, March 1st) many people are still confused as to where to invest their savings; an RRSP or TFSA? In a perfect world investors would maximize both plans; however for most Canadians that is…
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…
After an extended period of strong performance and a rally that saw the S&P 500 Index surge up almost 22% in 2017, volatility returned to the equity markets with a vengeance this week. Thus ending, or at least interrupting a…