The notorious credit score…
- It assesses whether you can repay your debts and pay your bills on time
- The most important components that make up the score is payment habits (35%) and credit use (30%)
- It changes depending on how you manage our credit
#wealthmanagement
53% of Canadians have experienced financial difficulties here are 3 tips to keep in mind in this situation:
1. Prepare a budget
2. Pay by cash or debit
3. Steer clear of debt
Watch For this Wednesday: Today January 24 the Bank of Canada is announcing the setting for the overnight rate target as well as a press release explaining the factors behind the decision, so keep your eye open! #wealthmanagement#bwmg#nbc#education
Let's Talk RRSPs…
- There is no minimum age for opening an RRSP but you must have filed a tax return the previous year and have declared employment or business income
- There's no minimum contribution amount
- No matter how much you contribute, it reduces your taxable income
Dec. 15, the Business Outlook Survey will be released, it is a summary of interviews with business leaders, in accordance with Canada's gross domestic product. In addition to the Canadian Survey of Consumer Expectations aimed at measuring household views on issues of interest.
48% of Canadians who invest have poor investment literacy (Canadian Securities Administrators). Being investment savvy is more important when the stock market is volatile even if you have an advisor, as our team to help you learn more! #wealth#investing#finance#invest
A market downturn is a good time to invest if you have extra money to do so, but never take on debt to invest. A down market may be an opportunity to pick up shares at attractive prices and having sound advice is essential when investing in these times! #wealth#investing
🎉 As the year draws to a close, we reflect on the journey and growth we've shared with you. Thank you for entrusting us with your financial aspirations. Wishing you a happy New Year and cheers to a wealthier 365 days ahead! 🥂✨ #HappyNewYear#FinancialSuccess#CheersTo2024
Wishing you a season filled with joy, prosperity, and financial well-being! Merry Christmas from the Birdsall Team. May your holidays be Merry and your New Year be Wealthy. 🌟 #HappyHolidays#FinancialSuccess#MerryChristmas
Seven steps to planning for the transfer of your estate:
1. Define your objectives
2. Make a detailed account of your situation
3. Select all the key figures
4. Write your will
5. Sign up for life insurance if needed
6. Optimize your strategy
7. Get planning early
Watch For this Wednesday! December 15, Governor Tiff Macklem will be making a speech at 12:40 (ET), live audio and video webcast will be available on the Bank of Canada's website. In addition, there will be media availability following the event. #wealth#investing#finance
Today National Bank of Canada Financial Markets proudly sponsored the Bloomberg Canadian Finance Conference where the latest developments in Canadian business and government initiatives were discussed.