Wealth | Lawyers Financial

RRSPs vs TFSAs

There are tax-efficient structures in place to give Canadians of all ages a bit of help – but too few of us are taking advantage of them. Here’s a list of differences between RRSPs and TFSAs to help you decide which one makes more sense for you.

Why diversification is key to successful investing

Investing often invokes fear. No one wants to make a costly mistake, especially when the stakes are high – as they are for retirement savings.

That’s why a cardinal rule when it comes to successful investing is to diversify your portfolio.

It pays to have a coach in your corner

Learn why some of sport’s biggest meltdowns inspire empathy from one financial advisor – and why many investors could use a coach.

Looking to save money? Don’t do it by cancelling life insurance

Cancelling your life insurance policy has obvious and not-so-obvious consequences. Here are three risks that should make this a financial last resort.

5 ways to outsource anxiety

If you’ve ever tried to sleep while a car alarm goes off outside your window, you know: if the alarm lasts long enough, you kind of get used to it. (Unless, of course, it’s your car). But just because you get used to stress doesn’t mean it isn’t there.

Mortgage-free? Or RRSP?

Many Canadians arrive at a financial crossroads in the middle of their career. A stable income and a successful practice make it possible to pay off your mortgage faster. It seems like a straight forward financial decision but it’s anything but …

The balancing act – pay off your student loan and invest

You’ve landed your first job as a lawyer and the paycheques are coming in. It feels great to finally have an income after so many years in school and you’re determined to pay off your student loan as quickly as possible.

Your 2020 Tax Year Checklist

This year’s new rules and first-time tax breaks could actually make 2020 an exciting tax year.

Skyrocketing savings have some Canadians setting new goals

Canadians have skipped the dishes, sure. But we’ve also skipped vacations, and haircuts, and dry-cleaning, and fill-ups and more — and it’s all added up to the highest household savings rate in history. How will you use this rare opportunity to fast-track your financial plan?

RRSPs vs TFSAs: Tax-efficient strategies to build your wealth

Used effectively, they can make a difference of tens, if not hundreds of thousands of dollars in reduced taxes over your lifetime.

Lawyers Financial Advisory Services

Lawyers Financial Advisory Services Inc. (“LFAS”) is licensed to sell life and accident & sickness insurance across Canada. LFAS is a wholly owned subsidiary of CBIA and promotes and distributes Lawyers Financial products and plans across Canada.

CBIA

Lawyers Financial products and plans are sponsored by The Canadian Bar Insurance Association ("CBIA"). Lawyers Financial is a trade mark of CBIA.