They say it takes a village to raise a child and at CAPCORP, we believe it also takes a plan to build their future. This time of year, we often think about gifts that bring joy in the moment. The most meaningful gifts aren’t always the ones wrapped in paper and ribbons. Sometimes, they’re the […]
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Did you know that November is recognized as Financial Literacy Month in Canada? Now in its 15th year, this national initiative is led by the Financial Consumer Agency of Canada, encourages Canadians to “Talk Money” and normalize conversations about personal finances. At CAPCORP, we’ve been helping Canadians do just that for over 40 years. With […]
At Capcorp Financial, we believe empowering our clients starts with knowledge, and summer is the perfect time to unwind while leveling up your financial know-how. Whether you’re poolside or at the cottage, we’ve curated seven trusted reads to help you think differently about money, investing, and the economy The Wealthy Barber by David Chilton […]
“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” The above quote is often attributed to Albert Einstein. Compounding is one of the most powerful forces when it comes to wealth creation. Learning how to harness it within your Registered Retirement Savings Plan (RRSP) […]
A Tax-Free Savings Account (TFSA) is your ticket to flexible, tax-free growth—whether you’re saving for a dream vacation, a home project, or building a financial cushion. Every dollar you earn and withdraw is completely tax-free. New Year, New Limit! Starting January 1, 2025, the annual TFSA contribution limit is $7,000, offering you a fresh opportunity […]
This holiday season, give the gift of education by opening or contributing to a Registered Education Savings Plan (RESP). Whether it is for yourself, your children, grandkids, siblings or even nephews and nieces- an RESP is a powerful tool to support post-secondary academic aspirations. Why an RESP? Rising Costs: Higher education is costly. Annual fees […]
Once an individual turns 18, they are eligible to open a First Home Savings Account (FHSA) and a Registered Retirement Savings Plan (RRSP). If you are considering purchasing your first home, a savings strategy that is not yet widely known is to combine the First Home Savings Account (FHSA) and the Registered Retirement Savings Plan’s […]
Should you take CPP early or defer until you’re 70? Our CPP calculator shows your estimated monthly and total payout amounts so you know the best age to start collecting retirement benefits.
The federal budget’s proposed increase in the capital gains inclusion rate has some asking: “Should I trigger my gains now?” Some of the loudest noise emanating from the series of budget announcements is how capital gains will be taxed after June 24, 2024. Prior to this date, when you have a gain on the sale […]
As 2023 comes to a close, it is important to consider financial contribution deadlines, like the one within an RESP savings account. READ: University campus tours are in full swing. But even parents with RESPs lack an education financial plan – The Globe and Mail An RESP savings account is a key component in preparing […]
