Many families continue to file tax returns on behalf of their older, employed children. While it may feel good to help, author of "A Parent's Guide to Raising Money-Smart Kids," Robin Taub says it might be time to cut the cord on filing your kids' taxes. Taub talks to BNN's Greg Bonnell with tips on how to get started.
Personal finance expert Robin Taub joins BNN for our final instalment of our series looking at financial milestones for different age groups, this week it was the 50s.
Personal finance expert Robin Taub speaks with BNN's Andrew Bell about what financial milestones you should aim for in your forties.
Personal finance expert Robin Taub speaks with BNN's Catherine Murray about what financial milestones you should aim for in your thirties, including down payments, wills, and learning to invest for your future goals.
Robin Taub, personal finance expert, joins BNN to discuss the financial milestones to aim for in your 20s and tips for reaching them.
A recent survey released by Lawyers' Professional Indemnity Co. found the majority of Canadian adults (56%) don't have a signed will. If you die without a valid will, or if your will can't be located, you're considered to have died "intestate."
No one likes to plan for their death. For most of us, it’s right up there with filing taxes, going to the dentist, or cleaning out the garage. But it’s not something you can afford to ignore if you want to minimize the confusion, stress, and costs for your family after you pass away.
Mobile and online banking tools are not only safe but also convenient, allowing you to bank when the branch is closed or when you’re out of town.
When you begin your working life, retirement seems like a long way off. But as the years go by, retirement has a way of sneaking up on you. Don’t panic – it’s not too late to save. If you’re thinking about retiring in the next 10 to 15 years, here are some things to consider to help you jump start your retirement savings.
As parents of young children and pre-teens, your days are probably busy with work and school. Evenings and weekends are filled with homework, extra-curriculars and hopefully some R&R. So it’s no wonder many parents feel like they don’t have time to teach their kids about money.
If you’re approaching retirement age, the question of how much money you need to retire may have entered your mind. You may have heard random figures, like a million or 3 million dollars. But to answer that question properly, you need to ask yourself the following ten questions, which reflect the many different factors that impact the amount you need to save between now and retirement.
If you’re in your 30s, 40s, or even early 50s, now is the time to jump start your retirement savings.
Taxes are another thing you want working for you, not against you, because they can take a big bite out of your investment earnings. So when saving for retirement, take advantage of registered investment accounts and their special tax features to help you save more, faster.
Canadian households lead the world when it comes to debt. According to a recent report by the Organization for Economic Co-operation and Development, Canadian household debt, expressed as a percentage of the size of the economy, is the highest in the world, at over 100%. But since you won't live forever, what happens to your debts when you die?
You have to file a tax return if you either owe tax, or you're owed a refund for overpaid taxes, Canada Pension Plan, or Employment Insurance. So use this checklist to help make filing your taxes as efficient and painless as possible.