I will never be able to buy a home So goes the lament of many young Canadians. When we my wife and I bought our first home in Chilliwack, BC, in 1996, we paid less than $140,000. Homes in the same neighbourhood are now going for...
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Affordable housing is a huge issue in household finance these days. Prices have increased to ridiculous levels. Governments are under pressure to address this situation, even though they are being pulled in two directions. On one hand, the real estate industry is a major part...
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You have been diligently saving for your retirement in your Registered Retirement Savings Plan (RRSP). However, after surveying your finances, needs, and opportunities, you decide that you need to withdraw some money from your RRSP. The RRSP is, as the name indicates, a savings plan. You...
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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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