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Top News In பணம் பயிற்சியாளர்கள் கனடா Today - Breaking & Trending Today

Five tips to save money in 2021


 
OTTAWA
If you want to save for a car, a home, a vacation or your retirement, an Ottawa money coach suggests the first thing you need is a plan.
I think if people don t have a plan, they don t really do it, says Janet Gray of Money Coaches Canada.
If I have a plan, I m committing someway, somehow to do that. So I think they re kind of one in the same. If you don t do one, and you just leave it to haphazard or coincidence or the spur of the moment, it doesn t really happen or it will happen and you won t get the results that you want to get. ....

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Did you WFH in 2020? There's a new tax deduction for Canadians

No, there's no deduction for time spent yelling at kids. But the CRA has introduced a new temporary flat-rate method to accommodate people who worked from home. ....

Liisa Tatem , Canada Revenue Agency , Money Coaches Canada , பணம் பயிற்சியாளர்கள் கனடா ,

Student wants to start socially responsible investing with her savings


The Globe and Mail
Published February 5, 2021
Fred Lum/The Globe and Mail
Just 20, Laura already has a clear idea of what she wants when it comes to education and finances. “I will complete my undergraduate degree this year with no debt and would really like some guidance on how to build an ethical-sustainable investment portfolio,” Laura writes in an e-mail. “As a university student who works part-time but also has financial support from my parents, I recognize that I may not necessarily fit the target demographic [for a Financial Facelift],” Laura writes. “That being said, I think it would be really helpful for younger readers to understand how they might start investing and how to best prepare for financial independence.” ....

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Can this Alberta couple minimize their tax exposure in retirement?


The Globe and Mail
Published January 8, 2021
Todd Korol/The Globe and Mail
Rose and Brad have enjoyed high-paying professional careers in the oil and gas industry, helping them to amass more wealth than they need for their lifestyle. Together, they earn about $500,000 a year before tax.
Brad, 60, likes what he does and plans to keep working to age 70. Rose, faced with the prospect of an alluring buyout package, is tempted to take it even though she’s only 48. She wonders to what extent the income she forgoes will be offset by lower income tax in the years ahead.
They have two teenage children, a mortgage-free house in the Calgary area, an investment property and substantial savings. ....

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