Young or old, there appears to be a growing trend among Canadians: despite having an entire year to contribute to RRSPs, the majority of us wait until the last minute to do so. Why are Canadians waiting until the 11th hour to contribute when it surely only makes their lives more difficult, resulting in a potential scramble for a lump sum?
We young professionals do like to spend money and reward ourselves for all of our pavement pounding with things like dinners out, vacations and shopping trips. We get it. However, saving money, as daunting as it seems, is easier than you think. Here are five actionable things that every YP can do
We started the workweek off at Toronto’s TD Tower with no other than The Great One himself, Wayne Gretzky, as the iconic hockey legend offered insight on spending, saving and planning for retirement in a half-hour discussion with Lee Bennett, Senior Vice President at TD Waterhouse Financial Planning
TFSAs were introduced in January 2009 with $5,000 annual contribution room and the ability to hold multiple investment types from GICs to stocks. They present a great short-term savings options with reliable access to funds and can be used in a number o versatile ways
Investing used to be a lot more daunting than it is today, and many young professionals are jumping at the chance to get started early. As Orion Szathmary, Manager, New Investor Services, TD Waterhouse Discount Brokerage, explains, mobile banking and more approachable investor services has made finance more attractive in recent years
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