Tax Free Savings Accounts (TFSA) are really gaining traction and popularity. Everywhere I go, people seem to be interested in the TFSA because they are tax free. And why wouldn’t tax free appeal to you? That being said, I am reading more and more articles that suggest TFSAs are better than RRSPs and will eventually…
This year, one of the first couples I sat down with had a new years resolution to get serious about tackling their debt and wanted some help. Although I do not do this type of work often, I decided to help them anyway. Take stock of your debt Before the meeting started, I asked Mike…
The Tax Free Savings Account (TFSA) is big news in the personal finance world. These new tax free accounts have brought about lots of discussions not only about the TFSA basics but also some new and interesting debates. Not too long ago, I discussed the new debate between TFSA or RRSP and came to a…
Guest post from Tricia French, MSc, PHEc Managing debt can be tricky. When thinking about debt in retirement, the best plan is to be debt-free. What would it take for you to dramatically reduce your debt? This means committing to taking advantage of the extra income you have today and using it to extinguish your…
Guest post from Tricia French, MSc, PHEc A Reverse Mortgage is a means for homeowners to access a portion of the stored value of their home to use today, while still retaining ownership of their home. In effect, converting the equity to cash, which can be received as a lump sum, regular payments, or a…
My colleague Tricia French and I are working on a writing project together and I felt strongly that this information must be shared because of the debt crisis that his happening. Many lenders will treat the amount of debt you can afford like a math problem. Lenders use two ratios to determine the amount of…
