The cost of living in Canada has been steadily on the rise, leaving many families feeling the impact of inflation. To combat this, the Bank of Canada has implemented measures to dampen inflation, including raising interest rates. While these measures can have long-term economic benefits, they present immediate challenges for Canadian families.

Rohit Mehta is not your ordinary entrepreneur; he has a deep-rooted desire to empower nonprofits and charities to create lasting impact in their communities. He firmly believes that these organizations drive positive change, tackling social issues head-on and transforming lives.

Registered Retirement Income Funds (RRIFs) can be a great source of retirement income for many Canadians. However, managing them effectively is important to ensure a comfortable retirement. 
We understand that minimizing the tax burden of RRIF withdrawals is essential for many retirees.

The Canadian government’s new First Home Savings Account (FHSA) came into effect on April 1, 2023. This new registered savings account allows prospective first-time home buyers to save for a down payment on a tax-free basis. FHSA contributions are tax-deductible (like an RRSP), and qualifying withdrawals to purchase a first home are non-taxable (like a TFSA).

Start early to leverage the power of compounding

The sooner you make it a priority to invest for your retirement goals, the better.

There’s a scene in Doc Hollywood where Michael J. Fox, the fresh med school grad, is readying to airlift a young patient out of the small town for emergency heart surgery. Just before liftoff, the aging local doctor shows up and hands the boy a can of pop – Sip, burp, everybody go home.