https://padlet.com/chrismacdonald1996/etkbtv8fr5b9 Made with a quick smile en-us 2018-04-17 00:15:22 UTC 2024-08-10 08:06:02 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Shakinghands.png chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252374737

By:Christian MacDonald]]> 2018-04-17 00:21:06 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252374737 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252375172 This graphic is a simple yet effective way to explain how RRSP can lower your taxes well increasing the principle invested into the RRSP.

]]> 2018-04-17 00:23:56 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252375172 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252376365 The difference between RRSP and TFSA are explained with words and pictures in this graphic in an easy to understand flow. I found this picture uniquely useful for visual learners who have a hard time understanding complex written ideas.

]]> 2018-04-17 00:29:58 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252376365 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252376983 This graphic shows a real-life example of how much an RRSP can save you in deductibles for each level of income.

]]> 2018-04-17 00:33:12 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252376983 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252377205 This video gives examples of real scenarios that show how RRSP can be beneficial to individuals who pay large percentages of income tax. I choose this video because it shows a real comparison between two individuals who make different income amounts but pay the same amount in income taxes because the individuals are savvy enough to utilize this retirement savings tool. I choose this video because it gives realistic income levels that individuals can relate to and connect their personal financial situation with.

]]> 2018-04-17 00:34:13 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252377205 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252377737 This video is a helpful tool to utilize in the decision of which saving method would be best for the watcher. The video explains what savings plan should be used depending on what the financial goal. I also found this video helpful because it explained key rules of RRSP that I didn’t already know such as RRSP can be used for the lifetime education savings plan or for the purchase of your first house. I would recommend this video to individuals who are confused about which savings method best suits their financial goals. 

]]> 2018-04-17 00:37:15 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252377737 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252378307 This video explains what TFSA are and how they work in the financial sector in an easy to understand infographic. I found this video important because it provided multiple useful tips on TFSA that the average individual wouldn’t know, such as individuals can hold multiple TFSA in their name and that you do not need to go to a bank to open a TFSA. The easy to understand infographic effectively explains contribution limits and contribution room with real life examples. I decided to share this video because I found the easy to follow infographic effective for visual learners like myself that have difficulty understanding traditional teaching methods.

]]> 2018-04-17 00:41:17 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252378307 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252379028 This article written by Money Sense is a helpful tool in predicting how much you should expect to save for retirement to live a comfortable lifestyle. I found this article interesting because it highlights at what age you should start saving and making contributions to an RRSP and how much your contributions should be. For individuals who are not financially savvy this article provides a chart that gives realistic goal expectations for each decade of your life that if followed could aid in saving for a comfortable retirement.

]]> 2018-04-17 00:46:05 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252379028 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252379658 This article explains more in-depth concepts on how to maximize the efficiency of a TFSA using diversification and ETF strategies. These concepts are more advanced as it combines multiple saving methods in one portfolio to maximum annual return. I found this article particularly interesting because it explained how to get bigger returns using riskier investment strategies and how to mitigate that risk by utilizing TFSA. This article also explains important tips such as that USA based ETF’s should not be utilized in TFSA because it is not part of the tax treaty between nations and could cost investors large amount in taxes.

]]> 2018-04-17 00:49:38 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252379658 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252381330 This article written by the financial post gives many helpful tips on the rules of TFSA. I chose this article because of its easy to read nature that could benefit anyone who is new to investing saving. The author covers important information from the history of TFSA to the lifetime contribution limit and rules and regulations everyone should know before investing. This article is particularly useful because it compares TFSA to RRSP and other investing options such as foreign investments and stock investments.

]]> 2018-04-17 01:01:47 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252381330 chrismacdonald1996 https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252840617 2018-04-18 03:41:23 UTC https://padlet.com/chrismacdonald1996/etkbtv8fr5b9/wish/252840617