3 Tips on How to Save and Plan a Comfortable Retirement for Self-Employed Canadians

3 Tips on How to Save and Plan a Comfortable Retirement for Self-Employed Canadians

Being self-employed brings you the perk of greater freedom with the challenge of learning how to do many things on your own, including funding your own retirement. Understanding how to save for retirement and retire comfortably are incredibly important lessons you should learn sooner rather than later. Here are 3 tips on how to plan and save for a comfortable retirement for self-employed Canadians.

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Retirement Saving Tips for Self-Employed Canadians

There are many ways of describing a self-employed individual, including gig worker, freelancer, and contract worker; even if you are working for an employer but own an income-generating side hustle, you still fall within the “self-employed” category.

If you are self-employed in Canada, or are thinking of becoming self-employed, saving for retirement is a do-it-yourself job—here are some retirement saving tips that your future will thank you for.

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Passing Your Family Cottage To The Next Generation

For many Canadians, the family cottage (whether a rustic cabin or a well-appointed home away from home) has been a means of sweet escape from daily routine where family members and friends can spend quality time with each other. The cottage is truly one of the most valuable family assets—a sacred space to unplug, relax, engage with each other and enjoy the natural world.

Precisely because of the intangible value attached to such properties, you may wish to be especially mindful of how you pass down your family cottage or vacation property to the next generation. Such property transitions can become a source of conflict, not to mention tax liabilities (given these assets’ substantial price appreciation in recent years).

In this article, we discuss 3 strategies to help you manage the tax burdens which may result if you are considering passing down your family cottage or vacation property to your children in Canada.

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Top 3 Secrets For A Healthy And Wealthy Retirement

As retirement approaches, you may be on the lookout for financial professionals and life coaches for retirement guidance around wealth and health. Even if you feel you don’t need their services just yet, it is never too early to think about the changes retirement will bring. In this article, we dive into our top three secrets for a healthy and wealthy retirement. Read about what some successful retirees do, and what you can do to follow in their footsteps and enjoy your retirement years.

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