Posts Categorized: Planning & Advice

Get an RESP or pay down debt?

Get an RESP or pay down debt?

You already know about the ABCs of an RESP. It’s there to help fund your children’s education, even as tuition keeps rising. After all, the average tuition cost for a Canadian university — before the cost of books, travel and supplies — is $6,500 per year. Higher-cost programs can… Read more

You get the money from the RESP grants. We do the paperwork

RESP grants. Stop leaving money on the table

WealthBar does the RESP grants paperwork. You get the money. That’s the educated approach to paying for education! Now, many of our readers know that an RESP is a great way to save for your kids’ schooling. You put money in, up to a limit of $50,000. Even better, so… Read more

Avoid market chills with all-weather portfolios

Avoid market chills with all-weather portfolios

Who likes risk? Nobody. Maybe you’ve already been through a market correction or two — and getting closer to retirement, volatility can make you antsy. You want a diversified, all-weather investment portfolio that protects your investment when you’re getting the blues from bad stock market… Read more

5 Reasons to Switch to a Robo-Adviser

5 Reasons to Switch to a Robo-Adviser

If the term robo-adviser conjures up images of C-3PO controlling your money, relax: we’re not robots. So, why are Canadians making the switch to a robo-adviser? We leverage technology to create a modern online experience for the benefit of our clients. “Robo-adviser” is a recent… Read more

Hack your tax. Get a better tax refund

Hack your tax. Get a bigger tax refund

Maximize your tax refund. That’s the goal, particularly if you’re contributing to RRSPs before the fast-approaching March 1 deadline. But you have to strike the optimal balance between your planned contribution and your tax rate. (Ugh. Math. That’s complicated!) Here’s something to make it easier:… Read more

TFSA vs RRSP. An overview

TFSA vs RRSP vs both. What’s best for me?

I recently read an in-depth analysis by David Chilton (AKA The Wealthy Barber) looking into a specific question: TFSA vs RRSP? I was inspired to do some in-depth analysis on my own. One end result of doing all that research: I went ahead and created WealthBar’s ultimate… Read more