First off, we'd like to wish everyone a Happy New Year! Thank you so much for supporting our small business as we couldn't of come this far without you! As 2021 wraps up, we'd like to share 4 essential financial tips to stay ahead in the new year.
Reducing Credit Card Debt
Credit card debt is something that can cause a lot of stress in our lives. It causes us to lose sleep and creates feelings of anxiety. However, if you do find yourself in credit card debt, consider taking a line of credit. Doing so can reduce interest by almost 14% and help you get back on track! Ask us if you have any questions.
Set your calendars to buy your RRSP
Something we often forget is buying our RRSP before the deadline. Set your calendars to reduce your taxable income and save money! This year's deadline is February 28, 2022, so don't forget!
Use a Tax-Free Savings Account
Do you invest? Are you tired of paying seemingly unreasonable amounts of tax on your investments? Look no further than starting a TFSA account. This lets you save tax on your investments. Contact us if you have questions.
Podcast: So Money with Farnoosh Torabi Interested in hearing money strategies and stories from today's top business minds, authors and influencers? If so, check out So Money with Farnoosh Torabi, who is an editor at Large of CNET Money, an award-winning financial strategist, TV host, and bestselling author.
Link to podcast: https://podcast.farnoosh.tv/
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