The professionals at The Money Tree Financial Planning Inc. strive to bring growth and stability to your financial life.
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As Women’s Month ends, we wanted to remind women why it is so important to save and invest well throughout their lifetime. A new study published by the Retirement and Savings Institute at business school HEC Montréal, compared single men…
Canadians should be aware amendments have been made to trust reporting requirements which take effect for the tax year ending on December 31, 2023. The enhanced rules are more robust and will alter reporting requirements for more trusts that were…
Thinking of taking your CPP early? You are not alone. “The standard age for Canadians to take their Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) retirement benefits is 65; at least, that’s what the federal government says. In reality,…
Happy International Women’s Day! Today, March 8th is International Women’s Day (IWD), it’s a global day to recognize and celebrate the social, economic, cultural, and political achievements of women and girls. The beginnings of IWD can be traced back to…
The internet can be a great resource for anyone looking to expand their knowledge on any number of topics; investing being no exception. However, what if that research was being filtered and altered to persuade investors to make decisions that…
This Thursday, February 29th is the last day you can contribute to your RRSP and receive a tax deduction against your 2023 income. Contributions to your RRSP are a great way to save on taxes; most often they will create a tax…
With less than a month before the March 1st deadline to invest in an RRSP for the 2023 tax year; many people still wonder whether they should be investing their savings into an RRSP or TFSA. In a perfect world,…
This year, some investors are asking why they would invest in a Balanced Fund when they can get a decent rate on a Guaranteed Investment Certificate (GIC). This is a common question we hope to answer. In 2023, Balanced Funds…
There are several situations where you would want to have a Power of Attorney (POA) in place in the event something was to happen to you. For example, someone in the military who is being deployed overseas may want to…
Let’s suppose you invest monthly into your RRSP, say $300 per month to total $3600 at the end of the year. If you have additional unused contribution room, you can boost your contribution with a short-term RRSP loan. By borrowing…