The Tax-Free Savings Account (TFSA) was introduced in Canada in 2009 as a means of encouraging residents to save. This account offers tax advantages, as all contributions, income from investments, and withdrawals made through the TFSA are tax-free. Imagine this: you get your paycheck from your employer and pay a portion of this income to …
Hello again. Picking up where we left off in our previous article, we take a dive into the performance of some stocks that caught our attention in the first quarter. We assure you that the technicalities shall be dropped at the door. The Nigerian Exchange Market Despite the uncertainties that clouded the investment space due …
Hola Hola!!! It's a great year already, and we missed you (just as you missed us). As usual, we are here to help you take your personal finance game to the next level. Stay with me! Entering the second quarter of 2023 presents another opportunity to assess your finances, review your first-quarter financial goals and …
Have you ever been on a food detox? For instance, a juice diet will require discipline and a limit of food intake to fruits and water for a few days to cleanse your body of toxins. A financial cleanse works the same way. If a food detox eliminates the bad stuff such as sugar, fat, …
Continue reading "FINANCIAL CLEANSING: A STEP-BY-STEP GUIDE"
There comes a time when a business needs to upscale by becoming a bigger and better version of itself. The business ecosystem is a highly competitive and demanding one globally. This in fact allows entrepreneurs two options; “Thrive” or “Die”. Mostly the only way to keep a business running is to expand operation. Evidently, the …
Dostadning is a Swedish word that means decluttering that begins as people age. Death is inevitable and many families fail to prepare for this eventuality which could lead to financial and emotional implications due to the loss of the breadwinner. Organizing our financial lives serves as protection for the survivors. The purpose of this article …
I assume you are familiar with borrowing money from family members, friends, cooperative societies, banks, etc. In borrowing these funds, you either promise your friends with words of mouth or a collateral in the case of a bank. This is similar to how a bond works. A bond is an instrument used by governments or …
When it comes to retirement planning, Americans are often way behind. In fact, in 2019, almost half of households headed by someone 55 or older had no retirement savings at all, according to the U.S. Government Accountability Office. The traditional retirement age is 65 in the United States and most other developed countries while 60 …
Given the looming economic crisis and global recession, SMEs are facing tough times, especially those that do not maintain proper books of accounting for their finances. This article aims to enlighten our readers, most especially entrepreneurs, about various financial tools needed to properly run their SMEs. The EU defines SMEs (EC, 2003) as independent micro, …
Due to the Russia – Ukraine conflict, the United States and various European countries have imposed trade restrictions against Russia. In March 2022, the United States barred the importation of seafood, Vodka, and certain diamonds from Russia. Other European countries imposed higher tariffs on Russian goods and restrictions were placed on Russia’s access to credit …
Broadstreet Financial Review 
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