It's Personal Finance Canada

The government giveth, and the government taketh away. This week we catch you up on several changes the federal government has unleashed in 2024. Changes that’ll put more or less money in your pocket, or realistically give you more so they can take even more back. Get ready for repriced carbon tax, new dental care options, increased TFSA limits and more. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Canada Carbon Rebate amounts for 2024-25:\ https://www.canada.ca/en/department-finance/news/2024/02/canada-carbon-rebate-amounts-for-2024-25.html Fuel Charge Rates: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/fcrates/fuel-charge-rates.html Who is eligible Carbon Rebate: https://www.canada.ca/en/revenue-agency/services/child-family-benefits/cai-payment/who-eligible.html Canadian Dental Care Plan: https://www.canada.ca/en/services/benefits/dental/dental-care-plan.html

I have altered the meaning of RRSP, pray I do not alter it any further. This week Cam makes up a new acrostic about RRSP’s, Christine goes over advice from a trusty accountant, and we give our 4 factors to determine if you should make an RRSP contribution. So, dig out your trusty 2023 T1 General tax form and follow along. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: CRA tax form: https://www.canada.ca/en/revenue-agency/services/forms-publications/tax-packages-years/general-income-tax-benefit-package.html

Today is about loss, heartbreak and the idea that it won’t happen to me. Part of life is about adapting to things we wish didn’t happen and how to best prepare for the unthinkable. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

“My investment strategy used to be with ‘it’, but then they changed what ‘it’ was. Now what I’m with isn’t ‘it’ anymore and what’s ‘it’ seems weird and scary. It’ll happen to you!" This week we talk about the market and economic outlook for 2024 and see that it is a tale of two conflicting opinions. Is recession still a risk, what equities are over or under valued and how can you prepare your strategy for the coming year before everything gets weird and scary… or not. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Make work not profit, oh that’s where I went wrong. This week we conclude our two-part series on small business and talk about how to build a realistic business plan that enhances profitability. Find out how your personal finance habits can make or break your company, and profitability, and sanity. Plus some tips from Mike Michalowicz’s book “Profit First” to help you make sure you remember to pay yourself in all of this. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Bank for Canadian Entrepreneurs: https://www.bdc.ca/en

The best way to not get laid off, is to be your own boss… I hope. This week we talk about one of the best ways to take control of your personal finances, starting a small business. Is it right for you, can you handle being a “jack of all trades,” and can you master the art of systemization? Find out what it really takes to make things work and the pro’s and con’s of being your own boss. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we talk about how different stages in your life impact how you use RRSPs and TFSAs. What is strategy could be best for each age group, what will help you net the most returns and what is some of the fine print that most people don’t notice. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

A new year, a new me, a new series of mistakes to make. This week we help you start the year off right with some of our favorite personal finance tips that we think will help you in 2024. Everything from market timing, to adjusting your finances for wanted & unwanted life changes and finding low cost ways to reduce stress. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Jingle bells, budget’s broke, bills are on the way, Oh, what fun it will be, to live in a one-horse open sleigh, hey! This week we reminisce about our most popular and engaged with podcasts of 2023 and see if our advice… ramblings, still holds up. Also we talk about what happens behind the scenes and what we are looking forward to talking about in 2024. Merry Christmas and Happy Holidays! If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

“Family, religion, friendship. These are the three demons you must slay if you wish to succeed in business.” This week we talk about Ray Dalio’s book “Principles for Success” and how you can better live your life thanks to the founder of an asset management firm. Turns out the secret isn’t finding joy through buying and crushing smaller business. Rather this is Ray’s way of guiding young entrepreneur’s on how to find true fulfillment in life. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Ray’s Life Principles: https://www.principles.com/principles/418eaeca-564f-41e8-bd90-8e0d042f28d5/#table-of-contents Video Companion to the book: https://www.principles.com/principles-for-success#play