Two things in life are certain: taxes and something else. (Plugs ears). We all have to pay our fair share, but RRSPS and TFSAs allow you to be strategic about the timing and amount of taxes you’ll pay.
Of all the big-ticket items awaiting you in the land of Financial Responsibility, the idea of investing for the first time can feel like one of the most intimidating processes of all. But it doesn’t have to be that way.
It’s like night and day when you’re called to the bar and the paycheques start rolling in. Make your first year count by forming three habits that could set you up for a lifetime financial advantage.
There’s a saying about lawyers that doesn’t exactly bode well for retirement planning: “Most lawyers live well, work hard and die poor.” And there’s more of that middle part – the working part – for lawyers than for most.