Month: January 2016

It’s unfortunate when politics trump good economic policy and common sense. Case in point; The 2015-Q4 announcement by the Federal Department of Finance that effective January 1, 2016 they would be reducing the annual contribution limit of the Tax-Free Savings Account (TFSA) from $10,000.00 to $5,500.00. The motion was included along with the provision to…

According to a recent Manulife Bank survey more than one third of Canadian households have been covering monthly living expenses by running up credit lines, credit cards, or even selling off investments and hitting up family members for much needed cash. More troubling however is that the survey also found that 14 percent of those…