Knowledge Base: Finances

Is Bankruptcy Ever The Best Solution Post Divorce Family Law Toronto

Is Bankruptcy Ever The Best Solution Post-Divorce?

Bankruptcy is an unfortunate financial event which occurs when an individual or corporation cannot fulfill its creditors’ payment obligations. Generally speaking, one’s bills become larger than one’s ability to pay those bills. It can […]

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How Your RRSP Can Help You Out After Divorce Family Law Toronto

How Your RRSP Can Help You Out After Divorce

Although your RRSP (Registered Retirement Savings Plan) is intended to be used as a savings vehicle for your retirement, there are other ways that you can utilize your RRSP today. There are two […]

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SMART Financial Goal Setting Family Law Toronto

SMART Financial Goal-Setting

Last month, we discussed the importance of revisiting your monthly budget after having a significant change in your monthly income or your monthly expenses. We also introduced you to a concept called SMART […]

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How Often Should You Revise A Personal Budget Family Law Toronto

How Often Should You Revise A Personal Budget?

Before I go any further, I want to emphasize the importance of having a personal budget. A budget is the cornerstone for personal financial success. Your personal budget is the starting point towards […]

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RESPs and Divorce Family Law Toronto

RESPs and Divorce

A Registered Education Savings Plan (RESP) is a common vehicle used by many parents to save for their kids’ post-secondary education. Governments provide an additional incentive by matching up to 20% of a […]

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5 votes, average: 4.60 out of 55 votes, average: 4.60 out of 55 votes, average: 4.60 out of 55 votes, average: 4.60 out of 55 votes, average: 4.60 out of 5 5 Vote(s)

TFSA Versus RRSP: Is One Better Than The Other?

Everyone keeps talking about contributing to RRSPs and TFSAs, but not everyone clearly explains what they are or when you should contribute to these accounts. What is an RRSP? A Registered Retirement Savings […]

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