March 2017
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An RSP is an account that allows you to defer tax into the future, which means you have more money now to grow your nest egg. The money you contribute into your RSP can be deducted from your taxable income, which is why many people will receive a refund from RSP contributions they have made. When you’re old and grey and decide it’s time to pull the money out of your RSP you will be taxed on the amount withdrawn in a given year. This can be beneficial if you are in a higher income tax bracket now than you will be when you retire and need to pay tax on your RSP withdrawals. Read more »

A co-worker recently commented on our benefit renewal at work and mentioned it might be worthwhile to talk life insurance on the blog. At that point, I realized I’ve never actually talked about life insurance and was wondering why the heck not! So here we are.

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As of January 1, 2017, the Alberta Government will be implementing the carbon tax.

Albertans are pissed.

However, I don’t actually think many people understand what the actual impacts are of the carbon tax.

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2017 is fast approaching and I’ve seen numerous articles on things you should do to get your finances in order before the end of the year! I’ve created a handy checklist to help you sort through and tick off these items with ease!


Download full size here!

1. Determine your RRSP contributions needed to minimize income tax payable. You should be able to figure out how much tax you’re going to owe at this point. Play around with your RRSP contributions to see what gives you greatest refund. The Simple Tax calculator is great for estimating how big your tax bill is going to be.  Read more »

I know I’m late to the party on this one, but before I made my comment I wanted to make sure that my assumptions would actually play out.

This fall the government increased a stress test for all individuals that were looking at first time homeownership with less than 20% down. *queue the uproar*

How could the government do this to us… how could they prevent us from our right of home ownership….

Wait, what?


Read more »

Well, the cats out of the bag, I started a YouTube Channel

I announced it to my subscribers last week and while I’m super nervous, I’m excited for this new challenge. CPFC and a couple of my mentors really hit home that video content is key, so here we are. I’d love for you to subscribe and leave any financial questions you’d like answered in the comments section!