Personal Finance Canada

Come talk about your job, your salary, and everything related to it.

It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

We chat about real estate, mortgages, and everything related.

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

Finance is a combination of luck, good/bad decisions, and a little bit of chance!

Let’s talk about your ups and downs! What successes did you have this week? Who messed up?

Come talk about your job, your salary, and everything related to it.

To maximize your 2023 tax savings with an FHSA, remember to make your contributions before December 31st. Unlike RRSPs, there's no option to carry over the first 60 days of 2024 contributions.

Additionally, if you're planning to contribute but lack the funds this year, consider opening an account and depositing a nominal amount, like $100. This strategic move will increase your carry forward room for next year to $7,900, which can be added to your regular $8,000 contribution limit, granting you a total of $15,900 available for contributions. Failing to do this could limit your next year's maximum contribution to just $8,000. Don't miss out on these opportunities!

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account/tax-deductions-fhsa-contributions.html

It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, but also Pyramid schemes, Ponzi schemes, multi-level marketing, and slot machines (cc @[email protected] ), let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

We chat about real estate, mortgages, and everything related.

I've seen a lot of people mentioning EQ bank to have the emergency save since it offers 2.5% interest.

Just recently knew about wealthsimple with 4% https://www.wealthsimple.com/en-ca/spend

So I'm wondering if you guys know any drawback on saving in wealthsimple instead of EQ.

I feel for this guy, but something isn't adding up.

• he has lived in this house for 3 decades
• his mortgage is still so high, that the recent interest rate hikes have taken his mortgage payments from $1K to $2.6K

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

Finance is a combination of luck, good/bad decisions, and a little bit of chance!

Let’s talk about your ups and downs! What successes did you have this week? Who messed up?

Come talk about your job, your salary, and everything related to it.

It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, but also Pyramid schemes, Ponzi schemes, multi-level marketing, and slot machines (cc @[email protected] ), let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

We chat about real estate, mortgages, and everything related.

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

Come talk about your job, your salary, and everything related to it.

It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

We chat about real estate, mortgages, and everything related.

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.