Kelvin Hossain - Financial Consultancy

01/04/2026

Financial Awareness:

Layoffs are a reminder that your employer is not your family.

Do your job well.
Log off on time.
Invest your money.
Use every benefit.

Loyalty isn’t a currency in corporate, being replaceable is the reality.

29/03/2026

Financial Awareness:

7 credit score mistakes Canadians make without realizing:

Closing your oldest credit card, kills your credit history length

Carrying a balance thinking it helps your score, it doesn't. It costs you 19.99%

Applying for 3 cards in one year, drops score 30-45 points

Never checking your report, errors are more common than you think

Using 80%+ of your credit limit, crushes your utilization score

Co-signing a loan carelessly, you own that debt if they don't pay

Missing even one payment, stays on your report for 6 years

29/03/2026

Financial Awareness:

How many of these do you currently have?

✅ Emergency fund of 3-6 months
✅ Zero credit card debt
✅ Credit score above 720
✅ No car loan
✅ TFSA actively invested
✅ A monthly budget you actually follow

Count your checkmarks and drop the number below.

27/03/2026

6 Signs that You're Doing Well Financially in 🇨🇦:

• saved 6 months of bills in cash
• maxed out TFSA each year
• $0/month car loan
• paid credit cards in full every month
• have insurance coverage to protect your income & family
• have two streams of income

You’re not just “doing okay”, You’re financially ahead of most people.

20/03/2026

Eid Mubarak to all my clients and followers

04/03/2026

People think investing only works if you have a lot of money. In Canada, that is not true.

Registered accounts let you grow money even with small, regular payments. What matters most is starting and staying consistent, following the rules set by the Canada Revenue Agency (CRA).

Let’s understand the accounts first.

TFSA (Tax-Free Savings Account)
• Money you earn and take out is not taxed
• Good for short-term or long-term goals

RRSP (Registered Retirement Savings Plan)
• Helps you save for retirement
• Contributions lower your taxable income

FHSA (First Home Savings Account)
• For saving toward your first home
• Contributions lower your taxes
• Withdrawals for a home are tax-free

RESP (Registered Education Savings Plan)
• For your child’s education
• The government adds FREE $500 each year

On my next post, I will share how you can start investing with small deposits.

Comment if you want to learn more👇

20/02/2026

16/02/2026

Warmest wishes on Family Day

13/02/2026

Every dollar should have a job.

Chequing → for paying bills and day to day expense.
Savings → for emergency fund
TFSA → for short- to long-term goals
RRSP → for retirement savings
FHSA → for buying your 1st house
RESP → for kids’ education

Simple structure. Clear purpose.
Find your FIN

19/01/2026

Long-term financial success is built through thoughtful planning and timely action. 📈

RRSPs remain a key tool for retirement and tax planning when contributions are made strategically.

Make sure your RRSP contributions count toward your 2025 tax year by contributing before March 2, 2026. 🗓️

15/01/2026

Financial Tips:

Here’s how to build and improve your credit score over time:

To increase your score, always pay your bills and debt on time. Late payments can stay on your credit report for up to 6 years, so avoid them at all costs.

Have at least two credit cards reporting on your credit bureau. While lines of credit help, they aren't essential. Keep reasonable credit limits but don’t use them extensively. A higher amount of unused credit enhances your score.

Avoid applying for credit too frequently. Over time, maintaining good habits will lead to an excellent credit score. However, any negative information, such as late payments, will need to clear from your report before your score can truly improve.

Learn to live within your means, ideally on a cash budget. This reduces dependence on credit and fosters financial stability. As you manage your finances well, your credit score will gradually improve, leading to a sense of control over your financial life.