Can You Really Time The Investment Market?
Last Monday, I did a workshop on personal finance for self-employed professionals at the YMCA. It was a great turnout! We have attendees from across different industries (i.e.: health, beauty, flower shops, computer repairs and many others.) As we are approaching the deadline to make the RRSP contribution for the tax year 2013, I received [...]
What Are Your Financial Goals For 2014?
Happy New Year! I wish you are having a safe and joyful holiday! Since we are at the start of the year, it is a good time to plan ahead your financial goals for 2014. Below are some tips you may want to focus your planning on. Keep Track of Your Cash Flow and Networth: [...]
Employment Termination Series: How Do You Handle Your Company’s Pension Plan?
Many companies may offer pension plan as part of the employees benefits, where these plans are considered as one of the most important source of retirement funding beside government pensions and personal savings. However, when employees leave the company before they retire, what are the options available? Last time, we’ve talked about the treatment to [...]
Canada Disability Savings Bonds (CDSBs)
Is the Registered Disability Savings Plan (RDSP) only for the wealthy families? In my previous posting, we have discussed over the Canada Disability Savings Grants (CDSGs). Although it is one of the most generous matching grant from the government of Canada, it often leads to the question: “If a family is earning low-income, and unable [...]
Should Small Business Owners Choose Traditional Health Insurance Plan? or Health Spending Account?
Traditional Health Insurance Plan? or Health Spending Account? I’ve been working with many small business owners, unless they have coverage from their spousal plan, most of them will need to get their own health and dental coverage. Generally speaking, there are 3 ways they could finance their health expenses: Pay directly from their own [...]