For some, working at home may be the only option thus far. Others may be starting their own businesses and making their home their new workplace. Advantages – Employer: you can keep and retain your qualified employees and saving money from infrastructure – Employee: saving commute time, and working around child care schedule – Self-employed: […]
Some people may have resorted to dipping into their RRSP to pay some bills. There are ways to get back from there and also ways you can avoid doing so. With some other options that we have for you, you may be able to make better decisions while understanding the consequences. Short Term Implications There […]
With the Canadian dollar sitting so low, it’s natural for us to believe that it is best to skip our trips – but before you do, here are some tips to save that may help you relieve some of that stress. Choosing Your Destination – You might change destinations based on the currency rate. US […]
Though you might think that the slowing sales and dropping prices in Calgary’s housing sector would mean it is a good idea to buy, but there are changes for home buyers to be aware of by Feb 15th, 2016. Who it will affect – People looking in the market place of 500,000 and 1,000,000, there […]
As of January 8th, 2016, RBC has increased their mortgage rates and be prepared as other banks will most likely follow. In these times, refinancing your home may be something to look into. Christine Wiley talks about this on CBC News, watch the video above to get deeper information! Why Refinance? – Taking advantage of […]
With a new government and a new year, there are some major and minor changes we all should be aware of – especially with tax season right around the corner. Major Changes (Liberal) – Income of $45,000-$90,000 will experience a drop from 22% to 20.5% (approximate tax savings of $330) – Income of more than […]
Preparation is key to your finances, so it’s better to be early to get everything all tied up before the rush of business during tax season! Medical Receipts – Although you don’t have to send them in with your tax return, the government can request them (typically months later) – If you go to the […]
During this time of year, many Calgarians are looking to give even though the economy may not be at its best shape. It’s important to know about the tax benefits that you can receive and how to make the most out of it. When is the best time to get the most out of the […]
Buying a new car can take more than a second thought with the economy as bad as it is, but what is the best way if you’re in dire need of a new vehicle? Ask Yourself: – What is my purpose of the car for? If there is a business connection, leasing would most […]
If you’ve lost your job, there’s no doubt that it was upsetting and hard to accept, but it’s important to have a clear understanding of what you’re entitled to– such as severance, notices, and what you can do with your finances. It is also important to start considering ways to help with your financial security […]