SYM Financial

2022 TFSA contribution room stays the same at $6,000.

Very true!! 😊

The road to riches is this simple: Drive a crappy car Buying new cars is like taking $40,000 and setting it on fire.

Wow, I thought it was bad but this is eye-opening!

Average Canadian household spent more on taxes than living costs in 2018, report finds The Fraser Institute’s annual Canadian Consumer Tax Index calculated that the average Canadian household paid nearly $40,000 in taxes last year, versus $32,000 on clothing, food and shelter

Something to think about and apparently plan for...

Are You Ready for Daily Life With a Newly Retired Spouse? This writer is discovering the realities of more 'couple time'

Good point, but hanging on to a loser forever is not a good thing either.

The less often you check your brokerage account, the more money you’ll make Let your investments compound — checking daily will lead to a lot of trading, says Jared Dillian.

Don't rely on CPP to cover all retirement expenses. "Government of Canada numbers show the average CPP retirement pension is $8,077 per year. Meanwhile, the basic annual OAS payment is $7,040 and Stats Can’s Survey of Household Spending, conducted in 2016, says average yearly household expenditures – including income tax – total $62,183."

CPP helps you retire but it’s not a retirement plan - CPPIB | Today & Tomorrow Reading Time: 2 minutesEveryone wants to retire one day. So, back in 1966, Canada’s government stepped in by helping to create a national pension system to supplement Old Age Security (OAS) – the Canada Pension Plan (CPP). CPP was different. Unlike OAS, which is universal, CPP is only available ...

Excellent article. It explains well that there's not just one answer for everyone.

These are the top things you should do in 2019 to reduce your stress about money For ideas on how to reduce anxiety levels, Rob Carrick consulted a group of financial planners, investment advisers and personal finance experts

Great news about the TFSA limit!

The TFSA limit is rising to $6,000: Here’s why you should contribute every penny of it Jamie Golombek: TFSAs have been extremely popular among millions of Canadians and for good reason. Here’s a rundown of some of their benefits

No longer contributing to an RSP and lots of deductible expenses this year? Check with your accountant how much additional funds you can deregister before year end without tax consequences. Don't let those deductions go to waste!!