The You First Blog

RRSP Checklist for 2014

January 28, 2014
Uncategorized
Anthony Sabti

The deadline to make your contribution for the 2013 tax year is March 3, 2014. It’s all about your tax bracket.  Most people are in the 30% bracket, meaning you can you can expect a $300 savings for every $1000 of contribution. You do not need to send a cheque.  The funds can be drawn… Read More

Reversing last year’s results, more Canadians cite saving for retirement as a top financial priority compared to paying off debt, according to the 24th annual RBC Ipsos Reid RRSP Poll released January 9, 2014. Over half (52%) are now focusing on increasing retirement savings, with 48% placing a priority on debt reduction, compared to 44%… Read More

“Never Again Is What You Swore The Time Before” -Martin L. Gore   Rough Day For The Markets The Toronto stock market dropped over 200 points Friday as emerging market worries persuaded investors to avoid riskier assets like equities and commodities.  The S&P/TSX composite index dropped 215.18 points to 13,717.79. The Canadian dollar was ahead… Read More

Terry and I are a team both at work and at home. I cook the meals. He cleans the dishes. I groom the dog. He walks her. I call attention to spiders, slimy things and runny toilets. He makes it all disappear. Couples tend to fall comfortably into partnerships. Yet, when it comes to couples… Read More

In 2013 Retirement was cut short for 30% of older Canadians due to financial concerns, says a January 2014 Angus Reid on line survey for ING Direct. Nearly half of those people (48%), were forced back to work to boost their savings. The bank finds 31% of retirees who return to the workforce often do so because… Read More