Investment Strategies for First Time Home Buyers

For many Canadians the thought of home ownership is a pipedream, and their reality will not include what many generations have taken for granted.

Others see home ownership as an obtainable goal, but the priority now is to get a substantial downpayment to get “in the game”.

For those that don’t have the luxury of using “the bank of mom & dad” here’s how they should prioritize their savings program.

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What I would tell my 19-year-old self about Finances & Money

Imagine having the opportunity to go back in time and talk to the 19-year-old you, having the knowledge you do now? I turned 69 this year so going back 50 years to when I was 19 and having that “talk” with myself would have had a dramatic effect on my over all financial health.

Here are 8 things I learned and would do differently:

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Saving Income Taxes for those in the new Gig Economy

The Covid pandemic forever changed the way Canadians viewed their relationship to their employer and working from home rather than a traditional office. Many ventured into the world of being self employed either as a full-time independent contractor or on a part time basis, and the term Gig Economy was born.

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The New First Home Savings Account (FHSA)

The recent federal Budget in March 2023 introduced Canadians to a new financial tool meant to make the entry into residential home ownership more of a reality for many.

The FHSA will allow eligible Canadians to make a tax-deductible contribution to a savings vehicle geared solely for their first home purchase.

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The Pre-retirement Check List

You have done the hard part and made it to your ‘50s in better financial shape than where you were at a decade ago. If you have children, they are now launched, and their financial dependency on you has hopefully decreased. If you did not have children, you probably used the additional cash flow to hammer away at your mortgage and build up your assets.

Now as you look at your options for retirement you are wondering, “can I do this early or am I looking at the traditional age of 65 to make it happen?”

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18 Financial Tips to Help Survive COVID-19 in 2021

The pandemic associated with COVID-19 has negatively affected tens of thousands of Canadians physically and mentally, but many more have been affected financially.

Whether due to reduced work hours, a complete loss of job opportunities or one’s small business being permanently closed, the financial devastation is very real for many people.

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11 Financial Tips for Newlyweds

Newlyweds are no longer just considered to be “twenty-something” in age as many Canadians are waiting longer to get married. In addition, many partners are getting married for a second or even third time.

Sound financial management of assets and liabilities plays a major role in any relationship, regardless of the age of the couple. Here are a few items that anyone can benefit from in order to maintain harmony over money matters.

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Holiday Spending Survival Guide

Are you crazy for the holidays, spending thousands of dollars on holiday gifts, lights, entertaining, food and decorations each year? If so, you”re not alone. Many Americans feel the sting of holiday spending well into the new year. If you love to celebrate the holidays but don”t love the financial pinch you experience afterward, there are several great tricks for giving and celebrating, without breaking the bank.

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