Painless Saving – Save Your Raise

Blue skyscrapers background with the text SAVING YOUR RAISE EACH YEAR WILL ADD UP TO A SIGNIFICANT AMOUNT

As a career long corporate employee I have an annual performance review followed by a raise for the next year. Part is performance and part is an inflation related increase. I save my raise each year and regardless of the amount it is painless saving. You haven’t gotten used to seeing it in your pay check nor have you put it in your budget.
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Reducing Taxes – Smart RRSP Contribution

A dreamy night sky background with the text Save taxes and invest in your future? Your RRSP can do that

In 2017 my boyfriend and I bought a house. In order to make the down payment I sold most of my stocks and index funds and have a resulting capital gain. While obviously this is a great problem to have I don’t want to pay tax on it come April 2017 so I will make an offsetting RRSP contribution.
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