Rowe Financial

05/24/2024

Confused about when you could retire or how much you should be saving before retirement? There's a nifty planning tool that can help.

Confused about when you could retire or how much you should be saving before retirement? There's a nifty planning tool that can help.

05/24/2024

Finally, one of the best ways to maximize your government benefits in Canada is to stay updated with the ever-changing benefit structure. Federal and provincial governments periodically update existing benefits, which could increase your eligible amount. The government may also add new benefits and credits you can apply for.

Get that money 💰

05/23/2024

Four things happen when you withdraw money from your RRSP to pay off debt. First, you get money to pay off your expensive debt and probably feel a lot of relief. Second, you’ll pay taxes (and possibly exit fees when the investments are sold). Third, you won’t get this associated RRSP room back once you’re on your feet and ready to contribute again.

The financial consequences of early RRSP withdrawal are steep, Lesley-Anne Scorgie writes.

05/17/2024

According to the study, nearly one-third of Canadians have made a promise to their aging parents that they will not put them in long-term care. However, the research reveals significant concerns around keeping their promise, with more than half worrying about how to fulfill the commitment. https://ow.ly/hoi450RHfvt

05/17/2024

If you’re hoping to retire sometime within the next decade, 10 years may not feel so far away — but when it comes to finances, are you where you thought you’d be with your retirement savings? Being in your 50s can come with a lot of extra baggage. https://ow.ly/v5Nt50RHfN3

05/16/2024

Canada, once admired for its robust economic health and high living standards, now faces a worrying decline. The nation’s gross domestic product (GDP) per capita growth trails its peers in the

Canada, once admired for its robust economic health and high living standards, now faces a worrying decline. The nation’s gross domestic product (GDP) per capita growth trails its peers in the Organis...

05/10/2024

Continuing to maximize their TFSA contributions make sense because it will increase the amount of tax-free assets they have, the planner says

Continuing to maximize their TFSA contributions make sense because it will increase the amount of tax-free assets they have, the planner says

05/10/2024

On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note.

On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note.

05/09/2024

Got a refund? Lucky you! Find out when you’ll get the money, what to do with your income tax refund and how to get more next year. https://ow.ly/CVp350RyWZI

05/03/2024

For people converting their RRSP to a RRIF, there are crucial considerations, say experts, including opening a RRIF before you turn 71.

For people converting their RRSP to a RRIF, there are crucial considerations, say experts, including opening a RRIF before you turn 71.

05/03/2024

More Canadians who want to save on dental care bills can finally get some relief with the Canada Dental Benefit.

More Canadians who want to save on dental care bills can finally get some relief with the Canadian Dental Care Plan.

05/02/2024

We look at the average savings and debt by age for Canadians in their 30s and 40s, plus how much money to save for retirement.

We look at the average savings and debt by age for Canadians in their 30s and 40s, plus how much money to save for retirement.