Tag: investment

• Building Your Investment Strategy Through Every Stage of Your Financial Life - As the end of the year approaches, it’s the perfect time to review your investment strategy and make sure you’re setting yourself up for success in the year ahead. Whether you’re saving for your first home, growing your wealth, or planning for retirement, understanding how different registered accounts work can help you make smarter financial ...
• Is An Income Property A Good Investment? - Maybe you’ve come into an inheritance or received a substantial bonus at work. Or perhaps you’re looking for a way to invest your money that is lower risk and provides you with a retirement income. Either way, investing in a rental, or income property could be a good investment for your future. Although there are ...
• Mastering Debt, Saving Your Down Payment and Enjoying a Budget-Friendly Summer - Now that the long, cold winter is finally behind us, it can be tempting to forget about our carefully crafted budgets and indulge in the pleasant weather. However, it’s essential to remember that our financial plans remain just as relevant during the summer months, even though sticking to them may feel more challenging. Fortunately, there ...
• Taking Advantage of The First Home Savings Account - Great news for first-time home buyers! The government has announced a brand new tax-free savings account to help you save a down payment to buy your first home. A first home savings account (FHSA), is a registered plan that enables first-time buyers to save for their first home tax-free, subject to certain limits. Starting April ...
• How To Save For Your Child’s Secondary Education - Before you know it, your little daughter or son isn’t going to be so little anymore. It’s incredible how quickly the time flies by, and in a blink of an eye, you’ll be helping them fill out College or University applications and packing the car to head out on campus tours. The average price for ...
• Is my money better in a TFSA or an RRSP? - So you’ve been budgeting wisely and you’re starting to see your savings account grow. Or maybe you’ve received money through an inheritance or work bonus.  It’s time to look at your life goals and decide what to do with that nest egg. What is your next big purchase going to be? A car, a house, ...
• Is Buying a House with a Group of People a Good Idea? - These days, It can be very overwhelming just thinking about buying a new home with the high housing costs in today’s real estate market. Many people feel like owning a home is out of reach. Because of this, some people are looking for alternative ways to get pre-approved for a mortgage, including buying a house ...
• What Is A TFSA? - These days it feels like it’s impossible to afford anything and buying a house feels out of reach for many in the Barrie area. In fact, when it comes to saving money at all you may feel extremely overwhelmed and don’t know where to start. Whether you’re planning for retirement, planning to purchase your first ...
• Why You Need to Get a Mortgage Pre-Approval in 2021 - Buying a home is a goal many young Ontarians have on their to-do list and it’s a lofty one at that. With housing prices soaring in the past couple of years and rent prices increasing at a similar pace, how is one to get far enough ahead financially in order to buy a home? That ...
• What is an RRIF? - Did you know that the money you contribute to your Registered Retirement Savings Plan (RRSP) can’t stay there forever? That’s right. When you turn 71 years old, you will need to move that money. This doesn’t mean you will be forced to take out your RRSP savings all at once and pay a huge tax ...
• Should you consider Airbnb as an investment strategy? - Do you own an additional space or property that you’re not using? Have you ever stayed at an Airbnb and heard of the lucrative possibilities of owning an investment property? Hosting an Airbnb does present major opportunities for real estate investors. However, hosting an Airbnb does come with some challenges too. This is my shortlist ...
• Home equity from your mortgage – when is a good time to use it? - As a homeowner, you already know that one of the many benefits of owning a property is getting to build equity. Home equity is the difference between the value of your home and how much you owe on your mortgage. Or, in other words, it’s the portion of your home or mortgage that’s been paid ...
• How to manage your inheritance - Receiving an inheritance usually means the death of a loved one or a close friend, so firstly my condolences for your loss. Losing someone you love is never easy. But if you have recently received an inheritance, there is a silver lining. Whether it’s big or small, an inheritance can provide you with a life-changing ...
• Financial planning and RRSPs - You’re ready to start financially planning your future, but where should you start? Navigating different savings plans and ways to invest your money can be overwhelming.. I’m here to help simplify your journey. One of the many savings accounts you can choose from to start investing your money in is an RRSP. But, what is ...