The estimated cost in Canada of raising a child from birth to age 18 is about $180,000. Having kids is expensive: have three and you're looking at spending more than half a million dollars during those child-rearing years. If these numbers fill you with dread, don't despair. There are times when having children actually pays off, and that time is tax season.
Most people never even think of buying disability insurance. Unfortunately, one in seven workers will be disabled for a period of five or more years before they reach age 65. Far fewer people will suffer a house fire or death.
Most Canadians don't have a will, let alone an estate plan, but that's not a good excuse. Here’s a checklist for getting your estate planning in order.
Making the decision to buy your first home is probably one of the biggest decisions you’ll make in your lifetime. It usually comes with staggering financial responsibility and more work than you ever dreamed. But your first home also comes with freedom and solitude from the bustling world around you and will no doubt also be one of the best decisions you ever make. The process between deciding to take this step and moving has s learning curve and several pitfalls you will want to avoid in order to make it as smooth a transition as possible. These tips on how to buy a first home will help you avoid those pitfalls and make it through the home-buying process relatively intact.
