It can be intimidating and pretty scary to buy a home for the first time, not to mention pants-wettingly expensive. Squeezing every last tax-free dollar out of registered programs like the First Home Savings Account is worth doing. If you have extra money that you can afford to save for your first home, or even if you don’t own a home and never will, this episode is for you.
Read MoreA Defined Contribution Pension Plan is a mash up between a Defined Benefit Pension Plan and an investment account. Very little about it is guaranteed, so knowing how it works (and how it doesn’t), is the best way to get the most out of it.
Read MoreThere are plenty of tricky little financial planning traps for US citizens living in Canada, and they change often enough to be difficult to stay on top of, if you ever get on top of them in the first place. I’m not on top of them and never will be.
If you’re a US citizen, please for the love of all that’s holy find and work with a financial planner who knows cross-border planning in and out. You don’t want them learning on the job if you’re the job they’re learning on; the consequences of getting it wrong are too high.
Read MoreMaybe you’re tired of your labour being exploited for someone else’s profit, or how toxic your workplace is, or being evaluated for the quantity of time you spend in the office instead of the quality of the work you do.
If you’re thinking of starting what the kids these days call a side hustle, or what people at my advanced stage of life call “a business”, this episode is for you.
Read MoreA good emergency fund, Martin says, is one you can access within a short time and without withdrawal penalties. “A great emergency fund is money that you can access at any time, even in the middle of the night in Nowheresville. Earning interest is fine, but access trumps interest.”
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