Tag Archives: future

Is your need of success keeping you poor?

I believe focus creates our lives, but why then do so many that have such a strong desire to be successful, fail so miserably when it comes to [..]

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Listing Expenses By Priorities, C7

This step takes the list of expenses you created a couple of steps ago and re write it in order of priority.  For this you can exclude price as [..]

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Honest Income Estimate

With an understanding of your expenses, it is time to list your income.  For this an honest, conservative  and organized estimate is always the best plan. If an income estimate [..]

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Collecting Your Real Spending, C5

Too often when creating a budget, the numbers are invented and the time is not taken to observe our current spending.  This often is dramatically different from the reality,  making [..]

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What is the value of a year?

What is the value of a year?  Let’s say life is good and you save $5000 a year, If for one year you worked out of town, away [..]

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Saving RRSP room?

Saving RRSP (Registered Retirement Savings Plan) room is a great strategy if you are expecting a large tax year in your future. For example if you make $70,000 [..]

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Using the RRSP “Gross up” Strategy

This is a simple strategy to increase the size of your RRSP (Registered Retirement Savings Plan) without losing more of your income to savings.  The best way to [..]

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How much can I contribute to my RRSP?

Instead of calculating how much RRSP (Registered Retirement Savings Plan) room you have and risk getting it wrong, I recommend looking on your “Notice of Assessment” which is [..]

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RRSP’s and Education (LLP)

  The LLP (Life Long Learning Plan) can be a great option, although I rarely see a fit for it.  The Life Long Learning Plan allows you to [..]

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RRSPs and Buying a Home (HBPP)

  Using your RRSP’s for a down payment on your first home is common, and with the HBP (Home Buyers Plan) you can borrow money from your RRSP [..]

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