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

Through Alterna’s Community Microfinance Program we have the privilege to meet and work with some amazing women, including Rusul Alrubail, the visionary founder behind the Parkdale Centre for Innovation (Parkdale Centre).

In the unpredictable journey of life, unforeseen circumstances and emergencies can strike at any moment, leaving us financially vulnerable. That’s why having an emergency fund is not just a financial strategy; it’s a crucial aspect of maintaining stability and peace of mind.

Staying on top of your income and expenses can be difficult, and as life circumstances change, you’ll need to make budgeting and other financial adjustments accordingly.

Have you ever thought about what might happen to your finances if you became physically or mentally incapacitated? Who would pay the bills, manage your investments and look after your various financial accounts? Similarly, who would make critical decisions for you regarding health care matters?

The Canada Revenue Agency (CRA) doesn’t consider the amount you inherit to be taxable income, but before you receive this inheritance, the CRA taxes property held in the estate of your benefactor (i.e., the person providing your inheritance).

If you’re involved in an accident, remember these four steps to stay safe, minimize stress and make the experience as hassle‐free as possible.