Budgeting

Start 2024 with a Refreshed Attitude Towards Your Money

We can all agree that the last few years have been difficult. Sometimes, our financial challenges may not have been just about our income. More often than not, it’s been tied to the decisions we make about how we use our money. And those decisions can be emotional, too. For example, we take pleasure [...]

By |2024-03-11T15:45:54-04:0025/01/2024|Learn&Grow|

Tips on Managing Your Debt from the Experts at Canada Life

The first step to managing your debt is to understand the difference between good debt and bad debt. Good debt helps you to build on an asset, like your mortgage or to finance your education. Bad debt occurs when you borrow money to purchase an item that reduces in value over time. Credit card [...]

By |2024-03-11T15:43:24-04:0013/12/2023|Learn&Grow|

Start 2024 Off Right With This Easy Money Saving Hack

As we come to the end of a year that has been difficult for many CEIRP members, we can look ahead to 2024 as a fresh start, especially when it comes to how we manage our money. With this in mind, here is a simple money hack that you can try that will help [...]

By |2024-03-11T15:48:09-04:0004/12/2023|Learn&Grow|

Financial Expert Chris Enns offers his advice for getting through these challenging times

Chris Enns is a unique financial advisor: he also has experience on the stage as an opera singer. Unlike other advisors, he has personal experience with the cyclical highs and lows of working in the entertainment industry. That’s why we asked him for his advice on how many of our members can cope financially [...]

By |2024-04-30T11:24:25-04:0023/10/2023|Learn&Grow|

Tips on Managing your Post-Holiday Debt

There is one thing we can always expect after the holiday season: when the festive bubble bursts, the bills arrive and we realize that we should have done a better job budgeting for the holidays. We then start the year stressed because we have new debts to manage. So here’s a reminder about our [...]

By |2024-03-12T15:46:17-04:0027/01/2023|Learn&Grow|

A quick review of the RESP

Now that school is back in session, here’s a quick reminder of how the Registered Education Savings Plan works: It is a tax-sheltered account to save money for a child’s education Parents, grandparents, guardians, family members and friends can open an RESP It provides grants (CESG) and various other incentives Individual and family [...]

By |2024-03-12T15:49:42-04:0021/09/2022|Learn&Grow|

What is the Life Long Learning Plan (LLP)?

If you and/or your spouse/common-law partner are thinking about going back to school, you can fund it by withdrawing $10,000 annually, up to a $20,000 maximum, from each of your RRSPs. Once you have finished your studies, you have ten (10) years to redeposit the amount you loaned yourself back into your RRSP [...]

By |2024-03-12T15:50:23-04:0021/09/2022|Learn&Grow|
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