Category: Naukri & Paisa Written by Ruchira Agrawal

With 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

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Category: Naukri & Paisa Written by Lachman Balani

We 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

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Category: Naukri & Paisa Written by Lachman Balani

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

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Category: Naukri & Paisa Written by Lachman Balani

This week we will examine the option of using RRSP loans for a normal yearly RRSP contribution.   According to data from Statistics Canada, the average yearly RRSP contribution is around $5000. Also only about 30% of eligible tax payers make a contribution. The contributions made only used up

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Category: Naukri & Paisa Written by Lachman Balani

Whether you're just starting out in the work force, or well advanced in your retirement planning, it's in your best interest to stay up to date on one of Canada's best tax breaks - registered retirement savings plans or RRSPs.
A Registered Retirement Savings Plan (RRSP) is an account that one

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Category: Naukri & Paisa Written by Paul Collins

If you want to do it the conventional route, you go to the bank, get a loan, and rent a location with all the bells and whistles attached.  And that would cost you and stop in your tracks. These days, however, are different. When former mayor/ businessman Mel Lastman started his career in

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Category: Naukri & Paisa Written by Lachman Balani

Tips for last minute tax savings and government grants:

-Dec 23 is the last day in 2011 to sell losing investments (stocks, bonds mutual funds etc.) in your non-registered accounts to recover capital gains tax on the sale of winning investments in the past three years.

-If you wish to invest

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