New Year, New Career? - Here's How to Prepare Your Finances for Job Transitions
The Bank of Canada made its final rate announcement. In this case, no news is good news, as rates were left unchanged. While everyone is starting to get into holiday mode, maybe you're thinking about how to wrap up this year on a high note, or maybe you're planning for what 2024 could look like.
If you, or someone you know may be looking at a new career in 2024 then you should check out the newest article below. For anyone trying to make some decisions on how to put away funds while we still have some time for the RRSP deadline, take a look at the short video below: TFSA or RRSP
Check out our latest article:
A career change could affect your financial future. In this article, we'll dive into the personal financial considerations you should prepare for, such as your retirement plan, life insurance, and mortgage renewal.
Check out our featured video:
Want to learn more about how you can effectively use your TFSA and RRSP?
Additional articles:
Important Upcoming Dates
Registered Education Savings Plan (RESP) and Canada Education Savings Grant (CESG):
RESP deadline for 2023: December 31, 2023
CESG available until the end of the calendar year the beneficiary turns 17
Contributing to RESP is designed to help Canadians save for post-secondary education. By contributing to an RESP, you are building a fund that can be used to cover educational expenses such as tuition, books, and living costs.
First Home Savings Account (FHSA):
Annual contribution period: January 1 to December 31
Contributions must be made before December 31 to be deducted from 2023 taxable income
If you want the tax credit for this year, which can help you grow your down payment savings, you should contribute before the end of the year.
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