As this infographic from the Money As You Grow website shows, the financial education of kids can't start too early. However, it's also never too late to start. This infographic also shows that WHEN to talk to your kids about money is important.
Who doesn’t love Canada eh? But (Sorry) ..this past week has reminded us again that having too much of Canada in your investment portfolio can be a detriment to your long-term savings. That's because despite good overall economic results in Canada, the performance of Canadian equities in particular have been poor recently. Investing more of your investment portfolio in non-Canadian investments will not make you any less a proud Canadian and may make for better overall results.
Registered Disability Savings Plans (RDSPs) have been around since 2008 helping Canadians with a severe and prolonged disability, save for their future. RDSPs can be established for those who qualify for the disability tax credit (T2201) offering a tremendous bonus to those eligible in the form of generous government grants, tax sheltered investment growth and flexibility around investment choices.