Should you consider getting an RRSP loan?
Should you get an RRSP loan? If there’s one key takeaway from this post on RRSP loan, it’s this: don’t do it. In this blog, I’m going to cover what is an RRSP loan, how does it work, the pros & cons of a RRSP loan and is it a good idea to borrow money for RRSP. […]
RESP 101 | Everything You Need to know about the Registered Education Savings Plan in Canada
Did you know there is an investment plan that can give you 20% return guarantee risk-free each year, and is also backed by the Canadian government? This investment plan that I’m referring to is the Registered Education Savings Plan (RESP) and in this post, you’ll learn how RESPs work, why it’s important to utilize the […]
Canada Emergency Benefit Account (CEBA) Update – [January 2021]
In this blog post, I want to share the latest update on the Canada Emergency Business Account (also known as CEBA) as of January 2021. This benefit is great because it’s easy to apply, it doesn’t require you to apply every 2 weeks like CRB or EI, and if you meet all the conditions, you […]
RRSP 101
RRSP, the registered retirement savings plan, is an account that helps Canadians grow their money for retirement and in this RRSP 101, I’ll be going over everything you need to know about RRSP. RRSP gets special treatment from the Canadian Revenue Agency (CRA) and I’ll discuss how you can use it to the max in […]
Life Insurance Vancouver | Retirement Plans
Life Insurance Vancouver | Retirement Plans Thomas Chan is a trusted advisor that can help you with all your financial needs including life insurance Vancouver products. He helps you get a better mindset and a better life. Because we all know the taxes are the biggest expense families have faced ever since the 1960s. Thomas Chan […]
Retirement Planning Vancouver | Sharing Life Plans
Retirement Planning Vancouver | Sharing Life Plans Retirement planning Vancouver says that there are young people. Simply finishing there education out of university. Or trade school, and very excited to continue. With their professional. As well as with their personal life. They don’t yet have quite the idea of, nor do. Do they consider what […]
Is It Better to Take Canadian Pension Plan (CPP) Early?
Are you wondering when is the best time to collect Canadian Pension Plan (CPP) in Canada? Are you asking yourself “how much CPP will I get at age 60?” and “should I take CPP early?” Everyone’s situation is different but here are my thoughts. Recap of CPP in 2020 The government backs a pension plan […]
Tips to Save on Taxes
Retirement Planning Vancouver | Tips to Save on Taxes Did you know the single biggest expense a family will ever have is taxes?. This has been going on since the 1960s. The average Canadian household will pay 45% in tax on every dollar earned. Even worse news is inflation is at an all time high. […]
How Does Life Insurance Work in Canada?
While life insurance is not the most exciting topic to discuss, I promise it is more relevant to you and your family’s financial health than you think. In this article, you will learn the basic terminology about life insurance, the different types of insurance you can get in Canada, how they work and how to […]
Will & Estate Planning Checklist for Canadians
Have you ever wondered what happens to your assets when you get sick or pass away in Canada? You may also be wondering how long does it take to dispute assets from a deceased person or what do you need in order to control who gets what from the estate? In this blog post, I […]
