Finance Faded

The start of a new year is a great time to reflect on your financial goals.

Where do you want to be in December 2025?

What are your financial goals?

#goals #moneymatters #financialeducation

Gather your medical receipts for the year before Dec 31

Qualifying medical expenses may be eligible for the Medical Expense Tax Credit, which provides tax relief for significant medical or disability-related expenses

Read more: www.canada.ca/en/revenue-a...

#healthcare #tax #expenses #disability

FHSA from A to Z: A Complete Guide for First-Time Home Buyers A first home savings account (FHSA) is a registered plan which allows you, if you are a first-time home buyer, to save to buy or build a house

Read more here: financefaded.com/fhsa-celiapp...

#FHSA #firsttimehomeowner #mortgage #realestate #endofyear

Before the end of 2024, consider contributing to your First Home Savings Account (FHSA). You can contribute up to $8,000 annually.

Unused contributions from the previous year can be carried forward, for a max of $16k in 1 year.

Contributions are tax-deductible, offering significant tax savings!

The end of the year is a great time to do a financial check up!

Discussing estate planning can be considered taboo, but it remains a critical aspect of financial preparedness. If you already have a will, consider updating it to reflect changes in your financial situation or family dynamics.

RESP from A to Z: A Comprehensive Guide for Parents This article presents all the details about the Registered Education Savings Plans (RESP) and related benefits.

If you have children with a Registered Education Savings Plan (RESP), ensure you contribute up to $2,500 by December 31. Doing so allows you to maximize federal government grants, and for Quebec residents, additional provincial grants

financefaded.com/resp-fromato...

#RESP #smartinvesting

If you’re planning to withdraw funds from your TFSA early in 2025, consider making the withdrawal before the end of 2024. By doing so, your contribution room will be restored in 2025, allowing you to reinvest sooner & maximize your tax-free growth opportunities
#TFSA #PersonalFinance #SmartInvesting

À la fin de l'année, réfléchissez, rechargez vos batteries et planifiez l'avenir!

Prenez des mesures pour optimiser vos finances avant le 31 décembre: réduisez vos impôts, alignez vos dépenses et préparez-vous à réussir en 2025

Lisez pour 6 conseils de fin d'année financefaded.com/wrap-up-the-...

🎉✨ As the year ends, reflect, recharge, and plan ahead!

Take steps to optimize your finances before Dec 31—reduce taxes, align spending, and set up for 2025 success.

🛤️ Celebrate your progress and take charge of your future.

📖 Read my article for 6 year-end tips: financefaded.com/wrap-up-the-...

Vous donner les moyens d'acquérir des connaissances financières pour prendre des décisions en toute confiance. Pour les immigrants de première génération et au-delà : la connaissance est un pouvoir ! 🌍💡 #LibertéFinancière

Empowering you with financial knowledge to make confident decisions. For first-gen immigrants & beyond—knowledge is power! 🌍💡 #FinancialFreedom