In this issue:
- How to travel Canada this summer, Globe-style
- 6 really useful things you can do with your TFSA
- 7 Unforgettable Southern Ontario Road Trips
- Vacations top list of savings goals
It’s not too late to plan a grand Canadian adventure for your summer vacation. Canada 150 celebrations will be taking across the country in July, but countless adventures and wonders await all season long. Here are some ideas for exploring our vast back yard, hand-picked by Travel Editor Domini Clark.
Here’s an easy question: What’s your RRSP for? I bet you’ll say it’s for the same 2 things everyone else uses theirs for: saving for retirement and tax relief.
Here’s a tougher question: What’s your tax-free savings account (TFSA) for? For many people, that’s not a straightforward question – not because TFSAs aren’t useful, but because you can use a TFSA in so many different ways at different stages of your life.
Maybe it would be helpful to think of your TFSA as your Terrifically Flexible Savings Account.
We’ve all been there. You’ve got vacation days to use; you’ve got kids who love a good adventure. But you either don’t have the time or money to make a big trip happen. Enter the road trip. The perfect short-term getaway that takes you out on the open road long enough to play Eye Spy, sing a few family favourites and spell everyone’s names using other people’s license plates.
Almost 60% of Canadians are currently saving for something other than retirement, finds a CIBC poll. Top savings goals include trips, emergency funds and home renovations. While over half of savers put funds aside regularly, few are taking advantage of automatic withdrawals to ensure they meet their goals.
Here are some tips to help your clients save…
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