Tag Archives: Financial Planner Winnipeg

There Are Two Certainties in Life and One is Taxes

tax time 2018It’s the time of year where the working world is split into those that look forward to tax refunds and those who dread seeing how much they owe. Yes, that’s right, it’s tax time. The buzz has begun with the distribution of T4s, which companies have until the end of February to deliver.

Tax returns are one of those things in life that are necessary, but are never really reviewed.

It’s a wonder there isn’t a life skills course offered in high school which covers real life lessons such as budgeting, tax requirements and filing, resume writing, interview skills and grocery shopping. Continue reading

How To Shrink Your Interest Payments

Currently, there’s a lot of talk about what may happen if interest rates rise. So, chances are, you’re looking for tips on how to protect your income and balance your portfolio.

However, capturing money that’s wasted on inefficient interest payments should always be a priority. When it comes to cash flow planning, that’s one of the main ways people are able to save money and free up income.

shrink-interest-paymentsPaying more interest on debts than you need to can significantly affect your finances. So consider whether you’re falling into the following traps.

  • Mortgage myopia. You may assume your interest rates and mortgage payments will remain the same over a long period of time, or you may not know how to plan for fluctuating rates. As a result, you could fail to build interest rate-movement assumptions into your financial plans and projections.
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