கனடா கல்வி சேமிப்பு மானியம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from கனடா கல்வி சேமிப்பு மானியம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In கனடா கல்வி சேமிப்பு மானியம் Today - Breaking & Trending Today

This couple needs to turbocharge their TFSAs to make up for the financial loss from COVID-19


Published on: June 24, 2021 | Last Updated: June 24, 2021 1:20 PM EDT
The basis for this couple s financial success will have been frugal spending, persistent saving and the wisdom of using their TFSAs to the max.
Gigi Suhanic/National Post Illustration
In Ontario, a couple we’ll call Eric, 41, and Breeze, 38, are struggling to rebuild financial lives devastated by COVID-19. Their take-home income has shrivelled from a pre-virus level of $10,833 per month to a present level of $6,250 per month. They have a child, Emma, age 7. They have been selling assets to raise cash. They downsized their house, thereby reducing their mortgage debt by $200,000. They also sold a cottage for a profit of $80,000 used to pay down other debt. Breeze continues her personal-care business, making $3,000 per month after tax, a fraction of pre-COVID income. Eric has downsized his hospitality business to yield $3,250 per month after tax. They want to retire when E ....

Caroline Nalbantoglu , Cnal Financial Planning Inc , Family Finance , Financial Planning , Registered Education Savings Plan , Canada Education Savings Grant , Canada Pension Plan , Old Age , குடும்பம் நிதி , நிதி திட்டமிடல் , பதிவுசெய்யப்பட்டது கல்வி சேமிப்பு திட்டம் , கனடா கல்வி சேமிப்பு மானியம் , கனடா ஓய்வூதியம் திட்டம் , பழையது வாழ்நாள் ,