Articles
The Toronto Stock Exchange (TSX) and the Standard & Poors 500 Index (S&P) both delivered strong returns in 2024, on top of strong returns the preceding year, with both exchanges ending 2023 and 2024 on a high note. Markets so far this year have performed less steadily, and investors may be experiencing losses. But losses, under certain conditions, could present a hopeful prospect: Tax-loss selling.
When your family circle grows, there are financial implications. Whether it is due to the birth of a child or grandchild, the start of a common-law relationship, or celebrating a marriage, there may be opportunities and challenges that result.
If there’s a new child or grandchild in your family, as a Canadian MoneySaver reader, you’re likely already thinking about how to save for their future education. Many Canadians are familiar with the Registered Education Savings Plan (RESP), but there are a few key opportunities you might be missing out on that could make a big impact.
When many people think of prenuptial agreements (prenups), they might envision them as a safeguard for the wealthy, an uncomfortable formality that presupposes the end of a marriage before it even begins. However, prenups offer far more than just financial protection—they can be a powerful tool for preserving the integrity of marriage by creating a clear, mutual understanding of expectations and providing both partners with the freedom to navigate their relationship honestly and openly.
As people age, it is common for them to consider whether they should be gifting assets during their lives, as opposed to upon their deaths. They may be motivated by their adult children’s financial needs or by the opportunity to reduce tax payable. Regardless, there are several tax considerations when contemplating the gifting of assets.
One of the most enjoyable parts of being a contributor to Canadian MoneySaver is interacting with fellow MoneySavers. Many are not only passionate about personal finance but also want to help others increase their level of financial understanding.
The National Institute on Ageing (NIA) released a 2023 report entitled “Where There’s a Will, There’s a Way: Exploring Canadian Perspectives on Estate Planning”. The findings were clear that most Canadians have ignored their estate planning.