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RRSP Contributions at age 71 (or older!)

RRSP Contributions at age 71 (or older!)

Here’s the scenario: • Andy turned 71 this year and has earned income of $125,000 in the current year; his spouse, Mariam, is 68 and is retired. • Andy will be entitled to $22,500 in RRSP contribution room in 2022. Here’s the problem: • Andy cannot make RRSP...
RRSP or TFSA

RRSP or TFSA

Thoughts on where you should invest this RRSP season  By Scott Boassaly, MBA, President and Principal Advisor at Balance Financial It’s been said that Canada has five seasons: Spring, Summer, Fall, Winter, and, wedged somewhere in between Winter and Spring, RRSP...
January Financial To-Do List

January Financial To-Do List

7 quick actions you can take this month to improve your financial health in 2021. By Scott Boassaly, MBA, President and Principal Advisor at Balance Financial 2021 will be a year of many challenges. While yesterday’s inauguration of Joe Biden as President of the...
ETFs outpace mutual funds for third straight year

ETFs outpace mutual funds for third straight year

The financial industry’s switch from mutual funds to ETFs isn’t coming…it’s already here. ETFs outpace mutual funds for third straight year ETF sales reached a “whopping” $41 billion, National Bank said Covid-19 may have stopped the economy in...