As the Canadian real estate market continues to rise, some investors want to put their RRSP money to work in a real estate investment. While there are limitations, there are also several options available to investors. Unfortunately, those looking to buy a rental property with their RRSPs are out of luck. Tax-free RRSP withdrawals […]
Toronto Personal Finance Posts
RRSPs are about much more than just retirement
While the word “retirement” makes up one of the four letters in the RRSP acronym, many investors just starting out may not realize that an RRSP can be useful for many things other than post-work income. RRSPs can be used, for example, (1) to generate an emergency source of income after unexpected job loss; […]
8 Behaviors That Predict a Divorce Is In Your Future
Thinking about getting married? Already married? These are 8 predictors of divorce you should think about. Can we, without a doubt, say that a couple will divorce before they walk down the isle? In most cases no, although in some cases you can see a train wreck as it’s coming. How do you know if […]
5 Best Times to Make Credit Card Payment
The saying “timing is everything” definitely applies to your credit card payment. If you pay late, you’ll not only incur late fees, but you also risk damaging your credit and having your interest rate increased to the highest penalty rate. The timing of your credit card payment – even when you pay on time […]
7 Places to Look For Unclaimed Money
1 of 7 Check With Revenue Canada – They May Owe You Money How does money go missing? Most frequently, people move, and a refund check or account statement is no longer deliverable. Because of this millions of dollars are waiting to be claimed in old bank accounts, pension plans, forgotten 401(k) plans, and at the IRS […]