Starting Your Career
I’M STARTING A NEW CAREER, WHAT DO I NEED TO DO?
Starting Your Career
Who?
- Age 21 to 34 Years Old
- Starting your career
- Finished school
Priorities
- Pay off debts, student loans, credit cards
- Establish an emergency fund
- Start a Budget
- Pay yourself first: start a regular savings plan
- Downpayment for a home
- Save for large purchases: such as car,
- Start saving for your retirement
- Review your benefits from work including your health and disability benefits.
Latest News
Ontario Support for Families portal is LIVE!
Today, Ontario launched the portal for parents to apply for a one-time COVID-19 payment to help offset the costs of keeping children entertained and engaged during this time away from school.
Under this new program, parents are eligible for a one-time per child payment of:
$200 for children aged 0 to 12
$250 for children or youth aged 0 to 21 with special needs
Accepting Applications starting April 6th – Canada Emergency Response Benefit (CERB)
The sheer volume of applications for the Canada Emergency Response Benefit (CERB) will likely overwhelm the system. If you or someone you know need to apply for this benefit, we suggest you prepare TODAY before the applications begin:
Double check your myCRA account username and password
Setup Direct Deposit with CRA
Tax Loss Selling
Over the last few weeks, the financial market has taken a downturn amidst fears over Coronavirus.
Understandably, you are concerned with your portfolio, it’s important to stay level-headed to avoid making financial missteps. However, staying level-headed doesn’t necessarily mean you sit there and do nothing. In fact, one consideration you can look is taking an active tax management approach.
Tax loss selling is a strategy to crystallize or realize any capital losses in your non-registered accounts so it can be used to offset any capital gains.
