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Alterna - Retirement Planning, Whatever Your Age Retirement Planning, Whatever Your Age By Alterna Team March 12, 2025 Investing Your financial goals are exactly that – yours. While you might be looking to buy a home, your friend could be putting a child through school and your sister could have her eyes on a new vehicle. For most people, though, saving for retirement is one of their most important goals. Your current age will typically determine how you approach the planning process, as…

Alterna - 5 Tax Tips for Parents 5 Tax Tips for Parents By Qtrade Direct Investing® September 14, 2023 Financial Advice Tax and Estate Planning Advocate Doug Carroll explains some of the tax breaks available to parents. 1. Canada child benefit This is a tax-free monthly benefit for families designed to help with the cost of raising children. Payments are based on a variety of factors, including the number of children in your care, their age, your marital status and your adjusted family net…

Alterna - Invest in your child’s financial future: Back to school edition Invest in your child’s financial future: Back to school edition By Alterna Team August 16, 2023 Financial Advice 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…

Alterna - Investing during retirement: How to make your money last Investing during retirement: How to make your money last By Qtrade Direct Investing® July 26, 2023 Life Events Congratulations: it's finally here. Retirement is a major accomplishment for most people. It often means you've set aside enough money to stop working and live comfortably without having to rely on a regular paycheque. Of course, retirement means different things to different people. For some, it's about never working…

Alterna - Saving on Child-Related Expenses Saving on Child-Related Expenses By Alterna Team August 19, 2024 Savings Raising a child in Canada is a significant financial commitment, with the average cost reaching $16,900 per year or $320,000 by the time they turn 18 1 . However, there are strategies parents can use to lessen some of these expenses. Here are some tips for different stages of your child’s development. Infants and Pre-School Children Invest in Your Child's Future with a RESP : Use …

Alterna - Small Business Month Member Spotlight: Lee Galley, owner The Market Small Business Month Member Spotlight: Lee Galley, owner The Market By Alterna Team September 29, 2022 Small Business Lee Galley is the owner of The Market , a small independent grocery store in Lakefield, Ontario, that features fresh local producers and brands. Lee has been a small business member of Peterborough Community Savings, a division of Alterna Savings, since opening The Market 18 years ago. "I started my…

Alterna - Preserving Your Cottage Legacy: Securing Memories for Future Generations Preserving Your Cottage Legacy: Securing Memories for Future Generations By Alterna Wealth September 08, 2023 Investing Cottages are places where families get together and create memories together. As we reminisce about the wonderful times we’ve enjoyed, thoughts can gravitate towards the cherished legacy of the cottage and how to ensure its preservation for the generations ahead. If you’re considering…

Alterna - Smart Ideas for your Tax Refund Smart Ideas for your Tax Refund By Alterna Team April 20, 2023 Financial Advice Did you know from 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. Here are some smart ideas for you to consider: Pay your outstanding debts. Most Canadians have debt – that’s a fact of life. With record inflation and the cost of…

Alterna - The earlier you invest in your RRSP the better The earlier you invest in your RRSP the better By Qtrade Direct Investing® May 30, 2023 Investing Start early to leverage the power of compounding The sooner you make it a priority to invest for your retirement goals, the better. When time is on your side, it's a huge ally. The earlier you start, the more you benefit from the power of compounding. Compounding occurs when the returns that your investments earn begin to generate a return.…

Alterna - How to transfer your RRSP to a RRIF How to transfer your RRSP to a RRIF By Qtrade Direct Investing® October 26, 2023 Investing As you near retirement, it will be time to start thinking about winding down your registered retirement savings plan (RRSP). When do I need to convert my RRSP to a RRIF? RRSPs are designed to help you save for retirement. According to Canada Revenue Agency rules, you must close your RRSP by the end of the year in which you turn 71, although you can certainly…