Buying your first home is a huge step in one's life. In many cases, becoming a homeowner is the first time purchasing a significant asset, and the first step to starting or expanding a family. Such a substantial investment involves a lot of planning to ensure you are secure and confident in making this purchase. Below we have summarized a few things to consider and watch out for when you are buying your first home.
While the Canadian government provides supplements like the Canada Pension Plan and Old Age Security, this generally is not enough for individuals once they retire from a full-time salary.
The minimal support leads people to seek other options for retirement savings, whether through their workplace savings plans or an individual account to which you can make contributions.
In this article, we will break down all the most common retirement savings plans and the pros and cons of each. But first, we want to start with a few essential tips and guidelines when financial planning for your retirement.
Living paycheque to paycheque can feel like an endless cycle of stress and uncertainty. You work hard, yet financial stability and making ends meet seems just out of reach. The good news? You can break free from this cycle without sacrificing the joys that make up your lifestyle.