EP 67 - Fall Financial Checkup

A review in the fall gives you something a January review can't — time to act on what you find. This episode covers a full check-up: a cash flow review using the categorization your bank has already done, a realistic approach to emergency savings, and the registered accounts with December 31 deadlines. That includes the FHSA, where room only starts building once the account is open, RESP grant timelines that end sooner than most people expect, the RDSP match, and TFSA withdrawal timing that can cost or save you a year of contribution room. We also get into RRSP contribution versus deduction timing, tax-loss harvesting and the superficial loss rule, and how to fund holiday spending over the next 15 weeks rather than in December. Four months is enough time to make a few of these decisions well. Informational purposes only — not legal, tax, or financial advice.