Archive for October 2023
Weekend Reading: 2024 TFSA Limit, OAS Clawback, and More
The federal government uses the inflation data for the 12-month period between October 1 to September 30 to determine a number of figures for the following calendar year. September’s inflation rate was announced earlier this month, so we now have the entire data set needed to calculate the indexing rate for 2024, which gives us…
Read MoreWeekend Reading: More RESP Clean Up Edition
A few months ago I wrote about some changes I plan to make to our kids’ RESP portfolio. We’ve used TD’s e-Series funds for this account, but will switch to an ETF portfolio using Justin Bender’s excellent RESP strategy. Along with this portfolio reboot, I’ll also change how we fund the account (annually versus monthly).…
Read MoreWhen Life Insurance Is Sold, Not Bought
They say life insurance is a product that’s sold, not bought. This decades-old maxim was shamefully brought to light when the Financial Services Regulatory Authority of Ontario (FSRA) looked into troubling sales practices in the life insurance industry. Troubling, indeed. FSRA examined life insurance agents at three firms – World Financial Group, Greatway Financial Inc.,…
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