…depend on the intended use and your personal situation. 1. You have children from a previous marriage If you remarry, a trust can provide support for your spouse during their…
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How to manage financial stress and avoid burnout
…decisions about money to cope with stress, you might be putting your long-term financial health at risk. Financial stress can also cause burnout. If you’re having trouble sleeping because of…
Steps to offering a financial lifeline
There are many reasons why someone might be struggling financially. Job loss, health challenges, or a sudden financial emergency could cause hardship, preventing someone from staying afloat. In times like…
How RDSPs work
…approved for the Disability Tax Credit to be the beneficiary of an RDSP. An RDSP can only have one beneficiary. The beneficiary must: Qualify for the Disability Tax Credit (Disability…
Parents and tax
…Credit. Learn more by reading below. On this page you’ll find Canada Child Benefit (CCB) Child care expenses deduction Adoption Expense Tax Credit Saving for your child’s education in an…
What is DIY investing and how does it work?
…approach. Others may use a mix of DIY investing tactics and also use a financial advisor to manage some parts of their portfolio. DIY investing is not limited to a…
Grandparent scams and how to avoid them
…for gift cards or cryptocurrency like bitcoin). Scammers may say they urgently need cash from you because they are: Under arrest and need bail money to avoid jail time. Stuck…
Saving versus investing
…rate of inflation. This means your money could have less purchasing power in the long run. If you are paying off high interest debts such as credit cards, it may…
4 ways to borrow to invest
…yourself 1. Take out a loan or line of credit You may be able to get a loan or line of credit from your financial institution. The interest rate will…
Beyond the posts: How to evaluate investing information found on social media
…for investing information? How can you safely use online information to make investing decisions? What documents should you check before investing in a company? What are the risks of relying…