While the decision to use a Registered Retirement Savings Plan (RRSP) has been made more complicated over the last ten years by the popularity of the Tax-Free Savings Plan (TFSA), it is still an important savings tool. The TFSA allows an individual to contribute after-tax dollars into an investment and withdraw funds with no tax…
Month: January 2019
Tips to Help Protect You From Fraud
Even with new technologies and a reduction in debit card and credit card fraud, it’s still important to take steps to protect yourself from fraud. Thousands of Albertans and Canadians are victims to fraud and lose millions of dollars to fraudsters, and yet, only 5% of fraud is reported. The impact of fraud can be…
How Consolidation Loans Can Help You Manage Your Debt
Between your home, your family, and the surprises of life, balancing your family’s budget can be a hard task even at the best of times. However, failure to properly repay expenses can have serious long term consequences when your debts grow larger and potentially lead to bankruptcy. Retake control of your life and your credit…
Why Did Stock Markets Decrease Early in October 2018?
Global equity markets experienced volatility not seen since the beginning of February (2018). The most significant losses happened on Wednesday, October 12th with the S&P 500 decreasing 3.3%, the Dow Jones 3.1% and the NASDAQ 4.1%. Canadian markets were also affected with the TSX dropping 2.1% on that same day. There were several reasons that…
It’s Time to Change Your Passwords
A new year can bring plenty of interesting new things, like ignoring our resolutions and losing our gym membership in the first week. The New Year can also be a good reminder to put fresh batteries in the smoke detector and change your passwords. Most people hate changing passwords but it is a necessary evil….