Stephanie M. Sparks, CFP, CLU, Utley Financial Group Inc.

In an ideal state of personal finance, you have a tax-free savings account filled with investments and a separate savings account for your emergency fund.

Should my emergency fund go in a high-interest savings account or a TFSA? A roundup of investment ideas for active investors

For anyone coming into wealth, knowing what to do with it can often be a challenge. That’s where advisors play ... levels when it comes to finances,” says Jennifer Leathem, wealth advisor and client relationship manager at Nicola Wealth Management ...

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The Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA ... Contributions to RRSPs are tax-deferred, which means that they are income-tax deductible. That said, your post-retirement withdrawals are subject to standard income ...

RRSP or TFSA? These benefits will help you decide which one to open first | Canada Which account should you open? Learn the benefits of RRSP vs TFSA accounts to know which best fits your needs and financial plans.

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.

Is taking money out of your RRSP to pay off debt ever a good idea? The financial consequences of early RRSP withdrawal are steep, Lesley-Anne Scorgie writes.

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

Too intimidated by the idea of planning your retirement? This free government tool might help | Canada Confused about when you could retire or how much you should be saving before retirement? There's a nifty planning tool that can help.

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/2KAh50RGQ5W

Whether you’re dreaming of buying property, thinking ahead to retirement, or just want to save up for the cloud couch you saw on social media, you can create financial savings goals right now, no matter the number in your bank account.

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The federal government has decided against changing the tax treatment of real estate investment trusts (REITs) as a way to tackle the housing crisis. “While more needs to be done to ensure that Canadians are not subject to renovictions and that rental ...

Liberal tax promise tracker, post-2024 budget edition | Advisor.ca Feds won't change tax treatment for REITs, and the status of other major tax proposals from the Trudeau government

Millennials who have been delaying estate planning should consider seeking guidance from financial advisors or estate planning professionals to navigate the process and gain peace of mind knowing their affairs are in order. By addressing estate planning ... https://ow.ly/knXM50RGQ7J

First, today’s mortgage rates are on par with average annual returns for a balanced portfolio at 5 to 6.5 per cent. Second, the TFSA withdrawal is tax-free. Every dollar of the withdrawal can be used against the mortgage. Third, the money withdrawn from the TFSA can be replaced.

Empty your TFSA to pay off a mortgage? Right now, it makes a lot of sense