Florin Tapalaga, Financial Advisor, Investment Representative

Learn more about the tax-free FHSA (first home savings account). Opening a FHSA account will be available in 2023. Let me know if you plan to buy your first home within the next 15 years, so we can start planning for it.

Design of the Tax-Free First Home Savings Account - Canada.ca In Budget 2022, the Government proposed the introduction of the Tax-Free First Home Savings Account (FHSA). This new registered plan would give prospective first-time home buyers the ability to save $40,000 on a tax-free basis.

We know markets have been brutal lately and it seems there is no place to hide for investors. Always keep in mind that this is just a temporary market valuation of our long-term quality assets, and the big picture has always rewarded to patient investors. "Time in" the market has always been a better strategy than "timing" the market, so as gloomy as the moment seems to be, remember that this is a time to buy, not to sell.

Some say 3%, some suggest as high as 5% for the withdrawal rate in retirement. The reality is that no number is good for everyone. Take the guess out of your retirement planning with a help of a Certified Financial Planner.

The 4% rule is being debated — again — but here’s what you should do This retirement savings withdrawal rule was meant just as a guideline, but some experts say it is outdated

After 8 years of practicing this noble profession and in-depth studying of all its facets, I have now achieved the highly coveted Certified Financial Planner(R) designation, and want to express my gratitude to all who supported me throughout.

CERTIFIED FINANCIAL PLANNER® • Florin Tapalaga • FP Canada Home of digital credentials

Are your investments diversified? That’s one strategy to help you prepare for the market volatility we’re currently experiencing. Talk to me about your investments and other strategies to help you stay on track: https://www.canadalife.com/blog/investing-saving/how-you-can-deal-with-market-volatility.html?cid=sm

How you can deal with market volatility Learn how to be prepared for market swings and take the best course of action when it comes to your money.

Small, sometimes seemingly unimportant decisions can have major unintended consequences.
Always talk to a financial planner about your estate and legacy plans, and how to structure your assets ahead of time.
Gifting, joint ownership of accounts and real estate.

What happens when parents and adult children are joint tenants? | Advisor's Edge A look at the pros and cons

Useful financial numbers for everyone to refer to in 2021:

Essential tax numbers: updated for 2021 | Advisor's Edge Use this handy list of tax numbers as a quick reference