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Newcomers list advice as key ingredient in establishing their financial life in Canada

Building a credit history important to newcomers

Most newcomers to Canada (79 per cent) feel it’s important to start building credit history quickly and three-in-four (75 per cent) believe that expert advice is important when it comes to lending or borrowing money, according to an RBC

Last Updated on Thursday, 10 May 2012 16:30

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Guide to finding the right investor for your Venture

Guide to finding the right investor for your VentureIn light of the recent global financial crisis everyone seems to have loss hope and it isn’t without justification. A growing number of start-ups are finding it increasingly difficult to attract private investors, and with major commercial banks tightening up the belt on lending, new

Last Updated on Saturday, 21 April 2012 23:03

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Tax and dividend benefits of Growthworks Commercialization Fund

Tax and dividend benefits of Growthworks Commercialization Fund

I would like to thank all those who have read my articles on the tax benefits of investing in TFSAs and RRSPs.

In response to several queries on the specific topic of the tax benefits of investing in the Growthworks Commercialization fund ( a labour-sponsored venture capital corporation- LSVCC-

Last Updated on Saturday, 21 April 2012 23:03

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Bidding adieu to credit card debt using an RRSP strategy

Bidding adieu to credit card debt using an RRSP strategyWe are just about 3 weeks away from the RRSP deadline of Feb 29, 2012 for the 2011 tax year, and we wish to outline an RRSP strategy for our readers that they can use to rid oneself of credit card debt.   Let us suppose that you are an average person in Canada earning a salary in the 31.15%

Last Updated on Saturday, 21 April 2012 23:03

Hits: 608

Six Steps To An Authentic Career

Six Steps To An Authentic CareerWith the recent recession and string of corporate lay-offs, many have found themselves at a career crossroads, wondering what to do next in terms of work. Being forced out of a steady job unexpectedly can make anyone feel nervous and shaky. New and comparable positions are difficult to come by when

Last Updated on Saturday, 21 April 2012 23:03

Hits: 463

RRSP loan strategy for down payment on home

RRSP loan strategy for down payment on homeWe wish to thank all who wrote and called in regarding RRSP loans and using the RRSP for the down payment on your home.   Outlined below is an overview of a strategy that combines both the RRSP loan and down payment for your home.   As an example let us use a couple, Asha and

Last Updated on Saturday, 21 April 2012 23:03

Hits: 527

Using an RRSP as a Down Payment for your home

Using an RRSP as a Down Payment for your home The Home Buyers' Plan (HBP)
One of the many good reasons to contribute to RRSPs is the possibility of using the funds from an RRSP for a down payment on your home. This money is available to you free of penalty, interest and tax. This is an excellent deal.

Coming up with enough money for a

Last Updated on Saturday, 21 April 2012 23:03

Hits: 746

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