Introduction to Investment Planning – Part 2.2 In my previous post I wrote about some of the basics of bonds as well as their benefits. This post continues the discussion with an examination of the risks of investing in bonds and the ways you can buy...
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Introduction to Investment Planning – Part 2.1 Bonds are fixed income investments “Stocks and bonds”: These are the basic building blocks of an investment portfolio. I will write about stocks in an upcoming post, but after my discussion of cash or cash-like assets (e.g., savings accounts) in...
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Introduction to Investment Planning – Part 1 People often use the terms savings and investments as though they mean the same thing. This makes sense because generally speaking you cannot invest unless you have money to invest. You cannot have money to invest unless you have...
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This article was written at the request of my friend April Yamasaki for publication on her blog When You Work for the Church. About April The following biography is from her website, AprilYamasaki.com. April Yamasaki writes on spiritual growth and Christian living both online and in print publications,...
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An introduction to registered plans – Part 5 What is the purpose of an RDSP? “A Registered Disability Savings Plan (RDSP) is a savings plan that is intended to help parents and others save for the long term financial security of a person who is eligible for...
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An Introduction to Registered Plans – Part 4 What is an RESP? A Registered Education Savings Plan (RESP) is designed to support saving for postsecondary education. The account owners, known as subscribers, are usually parents or grandparents of the beneficiary children. What are the different types of RESPs? Individual...
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An Introduction to Registered Plans – Part 3 The Tax-Free Savings Account (TFSA) was introduced into law as part of the 2008 federal budget and became a part of the registered plan landscape in 2009. The timing was auspicious as the world economy had fallen into...
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An Introduction to Registered Plans – Part 2 You’ve saved up all that money in your RRSP. Now what? The Registered Retirement Savings Plans, intended to encourage saving for retirement, was introduced by the Government of Canada in 1957. If you have saved inside an RRSP, eventually you...
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An Introduction to Registered Plans – Part 1 What is a Registered Retirement Savings Plan? An RRSP is an individual account that has been registered with the Canada Revenue Agency (CRA). Because it is registered, allowable contributions are tax-deductible if they are contributed in the year or...
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The More You Know About Cash Flow the More Empowered You Become What is Cash Flow? “Anyone who lives within their means suffers from a lack of imagination.” – Oscar Wilde Oscar Wilde may very well be the best exemplar of what to avoid in terms of personal...
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