A new year offers a fresh start for Canadians when it comes to their money. One TD survey found that 61 per cent of us made a new year’s resolution related to our finances last year, from saving money to paying down debt and cutting spending. Setting big ... See more
Q: How can I effectively save for a house if I’m already in debt? A: Traditional wisdom says to pay off any debt before saving for a big purchase like a home, but if you want to do both, you’ll need to take a good, hard look at your monthly cash flow and ... See more
Ashley, 30, and her common-law partner want to buy a home next spring. They’re hoping to buy a fully detached house in Kitchener, Waterloo or Cambridge. Ashley works in public relations in Toronto and her partner works in the trades, so he needs storage s... See more
Q: If we sell our cottage and lose money, can I claim the loss on my taxes? A: The answer depends on whether your cottage is considered a personal-use property or an investment property, says David Pipe, adviser and mortgage broker at WealthTrack. In shor... See more
Building a $1-million retirement portfolio may seem like an impossible goal, but it’s actually well within reach for many of us. With discipline and patience, you can slowly build a nest egg that will provide a comfortable retirement for years. The best w... See more
