Saving

Financial Independence Retire Early Canada (FIRE)

The financial independence RETE early (FIRE) movement is dedicated to an extreme saving and investment program that allows advocates to retire earlier than traditional budget programs. Advocates of early retirement believe that extreme budgeting, savings, and wise investments can give you financial freedom decades earlier than your parents. Even if you are a high earner, …

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RESP vs TFSA or RRSP for Education Savings

The cost of post-secondary education goes high every year; as a result, the Canada government established different accounts for enables the parents or grandparents to save money for their child, grandchild or relatives. Two common accounts are Registered Education Savings Plan (RESP) and Tax-Free Savings Accounts (TFSA).  Which account is better for educational savings? First, …

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