It’s A Wonderful Life (Financially?)
Is there a story of redemption like It’s a Wonderful Life for your finances? That remains to be seen, you’ll need to plan it!
Black Friday is Here, Advent, and #BestThisWeek
Black Friday is Here, Advent, and #BestThisWeek speaks of the blessed Black Friday and associated sales, but also includes a Fanfare for the Common Man.
RRSP to TFSA Grand Jeté
I like to call it a “Grand Jeté”—that elegant leap from an RRSP to a TFSA. It’s not a ballet move in the financial world, but it sure feels like one when executed well. The idea is simple: use your RRSP tax refund as a funding source for your TFSA.
Here’s how it works: You contribute to your RRSP (say $5,000), get a tax refund (maybe around $1,300), and then—gracefully—you “leap” that refund into your TFSA. Assuming you have room in both accounts, it’s a smart way to double down on your savings without stretching your budget.
For me, this is one of the more elegant moves in personal finance. If you’re debt-free and planning for retirement, this strategy lets you leverage the tax-deferral benefits of the RRSP and the tax-free growth of the TFSA—a financial choreography that builds long-term wealth.
Keywords: TFSA, RRSP, tax refund strategy, Canadian personal finance, retirement savings, tax-efficient investing, RRSP to TFSA strategy
TFSA Retirement Welfare Bums
Remember when the TFSA limit was $10,000 for a while, those were happy times, even when we thought it was for Rich Folk’s benefit.
Inflation Stays High Despite Lower Gas in October
Uncovering the truth about inflation in October 2014: Stats Canada’s report on the Consumer Price Index reveals hikes in shelter & food costs, plus natural gas & electricity rates.
