MONEY 101
Advice
Saving smackdown!
Advisers offer tips on RRSPs, RESPs, TFSAs
Last Updated: Monday, February 2, 2009 | 2:50 PM ET
CBC News
OUR PANEL
After 17 years in the financial-services industry, Judith Cane has developed a solid reputation as a financial adviser. The success of her firm, Antara Financial Group is built on establishing long-term client relationships with customized financial planning. It is one of the only financial services firms in Eastern Ontario that specializes in servicing the needs of women.
Sandra Foster has been a financial adviser, consultant and speaker since 1993. She's also the author of five books, including You Can't Take it With You, The Estate Planning Workbook and Who’s Minding Your Money?. She runs Headspring Consulting Inc. in Toronto.
B.C.-based John Kason is a certified financial planner with Global Securities, a member of the Canadian Investor Protection Fund. He has been working in the financial services sector for the past 10 years. He has provided his clients and the business community with ongoing consulting on conservative investment strategies, cash-flow management, business planning, marketing, sales, and venture capital financing.
Features
IN DEPTH: Personal finance
Terms explained
- Understanding tax-free savings accounts (TFSA)
- Tax-Free Savings Accounts – A primer
- Registered Education Savings Plans
- Deflation
- Exchange-traded funds
- Labour-sponsored Investment Funds
- Hedge funds
- Canada Savings Bonds
- Income trusts
- Stock spam – The new boiler room
- Insider trading – What’s the problem?
- Microcredit lending
Money management
- Budget 101: where's my money going? (December 2008)
- Defensive investing back in vogue (Dec. 2008)
- A guide to finding lost money (May 2008)
- How to cope with student debt (June 2007)
- Online trading – Who’s the cheapest? (March 2008)
- Cutting back: fees you can avoid (April 2009)
- Tips on getting through the recession
- Bank fees – How to avoid paying them (June 2008)
- How to check your credit rating (June 2008)
- Your credit rating (Jan. 2009)
- Rebuilding your tarnished name
- Going broke: What to do when you can't pay your bills (September 2008)
- Card costs: who pays what to whom?
- Anatomy of a credit card bill
- Teaching kids about money (March 2008)
- Real estate, apartments rates, housing starts (April 2008)
Retirement planning
- Spending your kids’ inheritance (June 2007)
- RRSPs – A user’s guide (February 2008)
- Retirement In Depth (February 2005)
- Ethical investing – The ‘socially responsible’ RRSP (February 2007)
- Estate planning – Myths and misconceptions (May 2007)
- Dipping into RRSPs before retirement (January 2006)
Taxation (December 2007)
- December’s tax deadlines – Year-end financial moves
- Netfiling 2009– A guide to tax software
- Back-to-school tax breaks (Sept. 2007)
- Income splitting FAQs (November 2006)
Features
- Green investing: Buy a bond, save the planet (July 2008)
- Gasoline prices (May 2008)
- Canada’s super-rich (March 2008)
- Canadians and debt – in depth series (September 2006)
- Income trusts probe – FAQs (February 2007)
- The U.S. subprime mortgage meltdown (August 2007)
- Gold fever (March 2008)
- Tuition fees – The high cost of higher education (June 2008)
- History of the Canadian dollar (November 2007)
- October’s scariest stock market moments (October 2007)
CBC Archives
Trying to get your credit-card debt in order? Tuck some money away for your child's tuition? Consider your own retirement plans? Pay down your mortgage? Squirrel away some cash for emergencies?
Many consumers are juggling such financial considerations carefully, trying to make their dollar stretch as far as possible while still having enough to be comfortable in their daily lives.
We've assembled a panel of financial advisers to offer advice on how best to put money into RESPs, RRSPs and tax-free savings accounts. They are:
- Sandra Foster, a Toronto-based adviser and consultant and bestselling author of You Can't Take It With You, Who's Minding Your Money?, Make the Most of What You've Got, Buying and Selling a Book of Business and The Estate Planning Workbook.
- John Kason, a B.C.-based certified financial planner with Global Securities. He has been working in the financial-services sector for the past 10 years. He has provided his clients and the business community with consulting on conservative investment strategies, cash-flow management, business planning, marketing, sales, and venture capital financing.
- Judith Cane, a 17-year veteran of the financial services industry. Her Eastern Ontario-based Antara Financial Group is built on establishing long-term client relationships with customized financial planning. It's also one of the only financial services firms in the area that specializes in serving women.
Each adviser offers advice on the following:
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