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Advice for Life Spring 2024 Newsletter
By Alterna Team
March 26, 2024

Back-to-school shopping isn’t just about shopping for school supplies; it’s also the perfect time to plan for your child’s future. As parents, we’re constantly looking for ways to secure a bright future for our children. Alongside academic success, fostering financial literacy is important for preparing them for the journey ahead.

While Canadians saw a brief pause in increases after over a year of rising interest rates, the Bank of Canada announced another hike in June. Our colleagues at NEI Investments released an update on the recent increase and the state of the Canadian economy.

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.

Did you know approximately 17.8 million Canadians received a tax refund? If you’ve filed your taxes for this year and know that you’ll be getting a refund, you might be wondering what to do with your refund.

Protecting yourself from fraud requires your diligence all year long. We wanted to provide you with some tangible ways you can safeguard your personal information and proactively detect fraudsters.

If you are self-employed, there are a few differences in how and when you pay your taxes, as well as some definite tax advantages. Make the most out of them with our handy tax tips.