Click here to download "Important Deadlines for RRSP and TFSAs". The Canada Life call centre hours during the holiday season: Thursday, December 21 - Open during regular hours Friday, December 22 – offices will close at noon, local time Monday, December 25 – offices are closed Tuesday, December 26 – offices are closed They [...]
As we come to the end of a year that has been difficult for many CEIRP members, we can look ahead to 2024 as a fresh start, especially when it comes to how we manage our money. With this in mind, here is a simple money hack that you can try that will help [...]
The first step to managing your debt is to understand the difference between good debt and bad debt. Good debt helps you to build on an asset, like your mortgage or to finance your education. Bad debt occurs when you borrow money to purchase an item that reduces in value over time. Credit card [...]
Chris Enns is a unique financial advisor: he also has experience on the stage as an opera singer. Unlike other advisors, he has personal experience with the cyclical highs and lows of working in the entertainment industry. That’s why we asked him for his advice on how many of our members can cope financially [...]
It’s probably safe to say that not many of us have a written financial plan and maybe even fewer among us have a will. But, these are these are two very important pieces that help us to achieve our retirement and financial goals. So what would happen if you didn’t designate someone(s) to be [...]
Get on track, stay on track Saving for retirement can feel overwhelming, especially when you’ve got other important things to save for and expenses to cover. Whether you’ve been saving for a while or are just getting started, this webinar will help you get on track for a retirement you can look forward to. [...]
Our plan provider Canada Life takes rigorous steps to ensure that they protect and manage our personal information according to the regulatory standards within the financial industry. Here’s what you should know: Canada Life collects and uses data from plan sponsors and members to administer their retirement program Only data which is legislatively required, [...]
Our plan provider Canada Life has gathered all the key points about the new First Home Savings Account (FHSA) in a short article. Here is a summary of everything you need to know: This new savings account will be launched in 2023 It combines some of the features of an RRSP and a TFSA [...]
The 2023 federal budget proposes changes in the deduction for tradespersons tools. Here are the facts: The proposed change included doubling the maximum employment deduction for tradesperson's tools from $500 to $1,000. The new maximum deduction would be in effect for the 2023 tax year. Under the current rules, a tradesperson can claim a [...]
The latest federal budget includes changes to the Income Tax Act (ITA) that change the amounts that students can withdraw from their RESP accounts. Here are the facts of the proposed changes: The current rules allow for a student in full-time post-secondary education to withdraw a maximum of $5,000 in education assistance payments (EAPs) [...]
