How Much Is Enough for Your Emergency Fund?

While the basic rule of thumb is to have enough money to cover at least three months of net income, even that may not be enough, says certified financial planner Julia Chung of Spring Financial Planning in B.C.

“Most people severely lowball their expenses; they think they spend way less than they actually do,” Ms. Chung says. “If you spend 100 per cent of your paycheque when it comes in, as many people do, then your expenses equal your net income.

RRSP Basics

RRSP Basics

Many people feel pretty confused about RRSPs – how they work, and why they’re useful. At the same time, people can feel embarrassed to ask for a full explanation. 

To help you move forward with this useful tool, here is your RRSP Primer!

Now What?

Hi Sandi I know you are often looking for article ideas and I’m wondering if you would feel in the mood to write something to motivate folks who are doing okay, have a plan, no debt,….but need to avoid the temptation to go into debt (aka buy a cottage)....

Pension Income Splitting

Yes, you can still split your pension income. The income splitting credit that the new Federal Government vowed to abolish in their 2015 election campaign was the Family Tax Cut. The opportunity for pensioners to split their qualified pension income with their spouses is still alive and well.