Stressed About RRSP Time? Try this.

Why you shouldn’t fear the deadline.

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March 1st. The day every year where Canadians rush to the bank to contribute to their Registered Retirement Savings Plans (RRSPs).

The benefit is real: contributions made before the deadline can be deducted from a Canadian’s taxable income in the 2017 tax year, which either reduces a tax hit or can generate a refund. Meanwhile, RRSP money grows on a “tax-free” basis (more on that later…), with the withdrawals getting  tax deferred treatment in retirement at a lower rate (ideally, if you plan it right).

Continue reading “Stressed About RRSP Time? Try this.”

Don’t chase the number.

Salary is just one factor. Not the be-all and end-all.

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I had a relative a few years ago who was the pride of many in the family. Why? She was absolutely killing it on paper. A business degree from one of the top schools in Canada. A job at a reputable employer with a six-figure salary. A beautiful bachelor apartment in downtown Toronto all to her self. She had it all by age 30 – except her happiness.

Continue reading “Don’t chase the number.”

Japan: 2.5 weeks for $3,690.

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Sunset view from Miyajima, an island just off of Hiroshima.

This past spring, I crossed off a travel site on my bucket list: Japan. That place where cherry blossoms bloom in April (now March – thanks climate change). Where almost all toilets can clean your butt (seriously). And where it seems that if you love something, guaranteed there is a store dedicated to that thing: Kit Kats? Not a problem, here’s a store. Pokemon? Here’s a store. Capsule toys? Here’s a store.

Continue reading “Japan: 2.5 weeks for $3,690.”