Avoid getting a TFSA tax hit Lynn MacNeil October 28, 2014 4662 Since their introduction by the federal government in 2009, Tax-Free Savings Accounts (TFSAs) have become a favorite savings option for many Canadians – and with good reason: TFSAs provide tax-free savings grow...
You can, but maybe you shouldn’t Lynn MacNeil September 1, 2014 4634 “Easy” and “simple” decisions don’t always add up to the right financial/estate planning answers. Here are a few “because I can” decisions to consider just a bit more carefully. I will add an adult child as ...
Managing Your Money Lynn MacNeil June 19, 2014 4604 “Buy Now, Pay Later” deals may have you paying a lot more than you bargained for I have written before about the “spend versus save” decisions which we are faced with every day, and how so many people don’t ...
Leaving money to minors can become a major issue Lynn MacNeil February 19, 2014 4336 You’re preparing your will – that’s good – and you’re considering leaving part or all of your estate to children or grandchildren who are minors – that may not be so good. Let’s look at why you need to carefull...
Managing Your Money – January 2014 Lynn MacNeil January 21, 2014 3738 Today’s decisions could cost BIG TIME tomorrow (PART 2) Editor’s Note: We have reprinted the Lynn’s November article below for the convenience of readers who may like to have Part 1. Best Wishes for 2...
Managing Your Money November 2013 Lynn MacNeil November 21, 2013 5121 Today’s decisions could cost BIG TIME tomorrow This month, I would like to vent some of my frustrations. As a financial planner working mostly with people who are either retired or close to retirement, I ha...
Plan now to pay yourself for all retirement years Lynn MacNeil September 16, 2013 4053 Q: Although I have saved regularly for years, I haven’t exactly done any formal retirement planning. Where do I start, and how do I go about planning for a comfortable retirement? A: Retirement is probably ...
The tangible benefits of financial advice Lynn MacNeil July 16, 2013 3829 Q: I have an RRSP and a TFSA as well as other savings. I usually go to the bank when I have extra money and deposit it into one of those accounts. I don’t have a financial plan or a real advisor, but I feel ...
Reduce Taxes in your Pre and Post Retirement Life Lynn MacNeil March 12, 2013 4019 Q: My wife is retired already and I am planning to retire in the next two years. What can we do to save taxes either now or after I retire? A: The number one expense for nearly every Canadian is … taxes. Ho...
Managing Your Money Lynn MacNeil January 15, 2013 3913 When it makes sense to borrow for your RRSP Q: I have no pension plan at work, and need to increase the savings in my RRSP. I do a small monthly RRSP savings, but always end up short at the RRSP deadline. Is i...
