When it comes to investing in the stock market, many people debate whether it’s worth doing the investing themselves or through a financial advisor. Let’s take a look at the pros and cons to these methods of investing to determine which one is best for you. Before You Begin Before you begin considering how you’ll…
Author: encompassmarketing
Estate Planning Make the most of your funds with a budget
Estate planning You don’t have to be an eccentric billionaire to need to organize your estate. An estate plan is important to ensure that financial matters are resolved quickly, and family and loved ones don’t end up losing much of what you’ve acquired through taxation. Talking about oneself or aging parents passing away isn’t exactly…
5 ways to be smarter with smartphone apps
As the smartphone market matures, we’ve all come to depend on apps that make our lives easier and more fun. We have instant access to news, weather, shopping, games, and social networks. With new apps appearing all the time, it’s easy to get caught up in the moment, and download something offered to us online….
When RRSPs are the best choice
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…
TFSA vs. RSP: What’s Best for You?
As a new generation of Canadians begins dealing with the tricky field of finances, a common question we hear is “What kind of account should I have”? At Encompass Credit Union, we have a wide array of plans and programs for money-savvy Canadians and the most popular for retirement or tax deferral are TFSA and…
Five ways cybercriminals try to steal your personal info
Identity theft is something you’ve probably heard about on the news. But what does it really mean, and what is the risk to you, your family, or your business? Identity theft is when someone uses your personal information without you knowing about it. They may try to get your basic information, such as name, date…
Cyber safe tax filing
Taxes: about as much fun to blog about as to calculate, and as essential to a functioning modern society as high-speed internet. And speaking of which, one of the easiest ways to file one’s taxes is through the Canada Revenue Agency’s MyAccount system. You can even find your T4, T5 and RRSP contribution slips there. Accessing MyAccount…
How to Pay off Your Debt After Christmas
As joyful as the holidays may be, it can be easy to rack up credit card charges and debt. If you’re unsure about how to pay off your holiday debt, follow our tips below to get started! Set Your Goals Set realistic goals for yourself and focus on paying down your credit card with the…
When a Term Deposit (GIC) is a smart investment choice
Investing your money is important. Some people are more risk tolerant than others, depending on how they view investing, or perhaps even due to the stage of life that they are in. If you’re planning on going into a long term investment with a mutual fund, or RSP, the ups and downs of the market…
Your Budget – Death by a Thousand Cuts
By Jess McEvoy, CIM, PFP When we create a personal budget, we usually start with our take-home pay and then subtract expenses. For simplicity’s sake, we lump as much as we can into as few categories as possible. We have categories like mortgage/rent, food, vehicle expenses, entertainment, utilities, gas, and maybe one or two others….
