MacIntosh Financial Group

Investing in an RRSP can be a great way to save for your retirement and enjoy tax benefits now. You can deduct your contributions, defer taxes on earnings, and build up your RRSP to provide the income you’ll need in retirement.

Remember, the RRSP deadline is February 29, 2024.

An up-to-date and valid Will is an important component to a solid financial plan. It protects your loved ones and helps to ensure that your wishes are followed for the distribution of your assets.

We recommend that you talk to a lawyer or notary to have your Will drawn up. If you don’t have a Will, make it a priority to get yours done.

A TFSA (tax-free savings account) is a great tool for growing your wealth over time. By holding your long-term investments in a TFSA, they can grow tax-free for as long as they’re in the account.

For 2024 the new contribution room is $7,000. The maximum life-time contribution room up to 2024 is now $95,000.

Can we save the planet and save some money in the process?

3 ways to live sustainably and save some cash For most Canadians, some thoughtful changes in just three areas – food choices, plastics use, emissions reductions – can make the biggest difference in achieving your savings and sustainable living goals.

How does your level of debt stack up against the average for your age?

This is how much debt is normal for your age Have you ever stopped to wonder how much debt is typical for your age?

Hackers guessed the world's most common password in under 1 sec—make sure yours isn't on the list

Hackers guessed the world's most common password in under 1 second—make sure yours isn't on the list NordPass, the password management tool, released its list of the 200 most common passwords in 2022— and people are still using notoriously weak passwords.

Bank of Canada Governor says: "further interest rate increases are warranted"

More interest rate hikes are needed to tame inflation, Bank of Canada governor says - National | Globalnews.ca Bank of Canada Governor Tiff Macklem was adamant Thursday that he will get inflation back under control, but warned interest rates will have to rise further to do it.

Every investment carries some form of risk. Does your investment portfolio match your risk tolerance and risk capacity?

What’s Your Risk Capacity and Your Risk Tolerance? - MacIntosh Financial Group When deciding how to invest your money, it’s important to assess your tolerance for risk and your capacity for risk. It will be different for everyone but the components to consider are fairly universal. Risk capacity is more about the objective side of investing – it’s the amount of risk you....

Starting July 1, British Columbians could be paying more for goods they buy through online marketplaces such as Facebook and Amazon.

New B.C. sales tax rules go into effect July 1 for online marketplaces like Amazon, eBay Online marketplaces with annual gross revenues of more than $10,000 will have to collect PST on goods and services sold on their sites.

Study urges governments to remove barriers for seniors wishing to continue working.

Canadian Governments Urged to Do More to Encourage Seniors Wishing to Work A new study has stressed the governments of Canada to remove barriers that discourage the senior citizens from remaining in the workforce, if the governments want to help those who wish to continue working. 

One in five working adults is nearing retirement. Canada's workforce is older now than it's ever been.

Canada's working-age population is older than ever, StatsCan says | CBC News Canada’s working-age population is older than it has ever been, with more than one in five working adults now nearing retirement in a demographic shift that will create significant challenges to the Canadian workforce in the coming decade, according to new census figures released Wednesday.

The Federal government is expanding its electric vehicle rebate program to include trucks, vans, SUVs.

Government expanding electric vehicle rebate program to include trucks, vans, SUVs | CBC News The federal government is expanding its electric vehicle rebate program to include larger vehicles such as vans, SUVs and trucks which previously had not qualified.