RESP 101 | Everything You Need to know about the Registered Education Savings Plan in Canada
Do you know about an investment strategy that promises a 20% yearly return, carries no risk whatsoever, and even has the backing of the Canadian government? This strategy is referred to as the Registered Education Savings Plan (RESP). In this article, we’ll dive into how RESPs function, the significance of leveraging the RESP, how it […]
Life Insurance Vancouver | Retirement Plans
Life Insurance Vancouver | Retirement Plans Thomas Chan stands as your trusted advisor for every aspect of your financial needs, offering life insurance solutions in Vancouver. He is dedicated to enhancing your financial future and overall life quality. Taxes have represented a significant financial challenge for families since the 1960s. Thomas Chan utilizes life insurance solutions […]
RRSP 101
The Registered Retirement Savings Plan (RRSP) is designed to help Canadians save for their retirement. In this fundamental guide to RRSPs, every crucial detail you need to know about them will be covered. The Canada Revenue Agency (CRA) provides attractive tax benefits for contributions made to RRSPs, and I’ll guide you through maximizing these benefits […]
Should you consider getting an RRSP loan?
Should you get an RRSP loan? The core takeaway from our conversation about RRSP loans can be succinctly summarized with a simple recommendation: don’t do it. In the next piece, I will delve into the details of RRSP loans, covering both their pros and cons, and assess whether it’s prudent to take out loans for […]
Canada Emergency Benefit Account (CEBA) Update – [January 2021]
In this blog post, I’m excited to divulge the latest updates on the Canada Emergency Business Account (CEBA) as of January 2021. The standout feature of CEBA is its straightforward application process, which is a stark contrast to the more tedious, biweekly application requirements of other programs like the CRB or EI. Additionally, meeting all […]
Tips to Save on Taxes
Retirement Planning Vancouver | Tips to Save on Taxes Did you know that taxes represent the heaviest financial load for families? This has been the case since the 1960s. In Canada, 45% of every dollar earned by families goes to taxes. Moreover, inflation is on the rise. For every hour we work and every dollar […]
Retirement Planning Vancouver | Sharing Life Plans
Retirement Planning Vancouver | Sharing Life Plans Retirement Planning Vancouver emphasizes that a significant number of young people, having completed their studies at a university or trade school, are keen to progress in their lives. With their professional. As well as with their personal life. They don’t yet have quite the idea of, nor do. […]
How Does Life Insurance Work in Canada?
Conversations about life insurance might not immediately capture your interest, yet it’s vital to recognize the substantial impact it can have on your and your family’s financial security. This article will introduce you to key life insurance terminology, explore the different insurance options available in Canada, explain how they operate, and help you determine which […]
Is It Better to Take Canadian Pension Plan (CPP) Early?
Wondering when the best time is to begin taking your Canadian Pension Plan (CPP) benefits within Canada? Do questions like “how much CPP will I get if I start at 60?” and “should I start my CPP early?” fill your mind? Recognize that each person’s situation is different, but I would like to share some […]
Will & Estate Planning Checklist for Canadians
Ever pondered what happens to your belongings in Canada if you fall ill or, well, kick the bucket? Keen to uncover how long sorting someone’s estate might take or who gets their hands on your prized possessions? I’m about to peel back the curtain on the straightforward tricks of estate planning in the Great White […]
