+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445
Well...

RRSP: Its tax deferred. That means, you get a tax break now and hopefully when you retire, your income will be low enough that you won't get taxed high, when you take out the money from RRSP. In other words, contribute for retirement here and don't look to take out unless in life emergency and are willing to pay 10% penalty.

TFSA: Great for a saving account but stay within your limit. I would say, take the tax refund check you get (if you get one) and put it in here. If you over contribute or withdraw and contribute within same year, you will pay a heavy penalty. If you withdraw, you are not allowed to put that money back until next year.

Saving Account: Consider this CASH! Save in this account that if you were going to lose you job / source of income tomorrow, you can survive 3 months at least. Not many people get money left over but if you do, create that emergency fund.

i Believe in is DEBT Free living and live within your means. Most people don't realize, Mortgage rates low, lets buy a 500,000 house. WRONG! What will happen when interest rates go up?! your house value will go down to 480,000 but you are still paying based on 500K. All of sudden, your now paying more interest!

Mortgages are compounded interest. So every 6 months or annually, your interest will be compounded on outstanding debt. You are better off having a line of credit or power line as thats fixed interest. if you can't get that, PAY IT OFF!

Bottom line.

1) 3 Months Buffer funds to Survive
2) Pay down the mortgage aggressively. Use those Ballon Payments!
3) RRSP ~$2000
4) TFSA => Put Tax refund in here or left over money you would like to save for medium term. GIC in TFSA for example.
5) Luxury Fund.
6) Retire, you have too much money :P

Cheers,

CB
 
open a chequing account to save urself from interest..
 
sabii said:
open a chequing account to save urself from interest..

Agree whi cares about savings or rrsps

Its about managing ur finances dont need special tax breaks or savings accounts
 
Khilafah5 said:
Agree whi cares about savings or rrsps

Its about managing ur finances dont need special tax breaks or savings accounts
khilafah bro, asa: i just sent CHC an email for status inquiry at "islamabad-im-enquiry @ international.gc.ca" and received following reply;

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

re-islamabad-im-enquiry @ international.gc.ca

what do you think bro could be the reason of this failure?????........what should i do?.......may be try later........please suggest
 
Tuco Bhai try to send them again.... Sometimes it fails.... So nothing to worry.
 
sawera said:
Tuco Bhai try to send them again.... Sometimes it fails.... So nothing to worry.
thanks sis for the rep..........i think i'll try it in the evening.......hope it reaches them in that try
 
there could be spaces within the e-mail address when ur sending it'

it happened to me too

tuco said:
khilafah bro, asa: i just sent CHC an email for status inquiry at "islamabad-im-enquiry @ international.gc.ca" and received following reply;

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

re-islamabad-im-enquiry @ international.gc.ca

what do you think bro could be the reason of this failure?????........what should i do?.......may be try later........please suggest
 
off topic
mr 10% dropped a mil at ajmer shareef.........never heard that he ever donated a penny for flood victims..... >:(
leave Pakistan zardari....bimari
 
yeah i read to but what is at AJMER SHARIF

not penny for flood victims

nothing for the pakistani soldiers who passed away on siachen glacier

F***** dummy

dell1505 said:
off topic
mr 10% dropped a mil at ajmer shareef.........never heard that he ever donated a penny for flood victims..... >:(
leave Pakistan zardari....bimari
 
Can I email to Isl second time about my wife current application status? My wife did email to Isl once time on Sep 2011... it will not delay our case? Am I right?
 
Canadian555 said:
Can I email to Isl second time about my wife current application status? My wife did email to Isl once time on Sep 2011... it will not delay our case? Am I right?

It will not delay your case at all. I wrote a total of 3 emails before my initial review and it didn't have any effect on my case.
 
Danny4450 said:
It will not delay your case at all. I wrote a total of 3 emails before my initial review and it didn't have any effect on my case.

Thank you Danny bro! I just afraid and little bit worried lol :D
 
Danny4450 said:
It will not delay your case at all. I wrote a total of 3 emails before my initial review and it didn't have any effect on my case.

One more thing! After my initial review (since my file transfer 1st April 2011) can I email to Islamabad again? Is that okay? hai na
 
Canadian555 said:
One more thing! After my initial review (since my file transfer 1st April 2011) can I email to Islamabad again? Is that okay? hai na

Yeah its perfectly fine, you can do one email per month if necessary.