Severance packages are unfortunately becoming more and more common in today’s business world and for someone who has just lost their job; it can be very overwhelming and difficult to determine what to do with your severance pay.

The Chinese stock market has gone down the drain in recent months. Trillions of dollars have been wiped out in only a few weeks from the Chinese stock market, and investors rapidly ran for the exits. The stock market may not be an indicator of the Chinese economy; however, if China’s economy doesn’t rebound, it could translate into problems for Canada. China consumes much oil, and ranks as one of Canada’s fastest growing export markets; so a slowing China is not a positive for the heavily ladened Canadian resource market.

Joe Oliver and the government have prepared the 2015 Budget, and a number of proposals will impact the financial, tax and estate plans of Canadians. The following is a summary of a few of the proposals:

Having a Tax Free Savings Accounts (TFSA) account is an excellent way to save and invest your money while protecting it from taxation. However, there are a number of rules pertaining to TFSA’s that everyone should about if you are looking to maximize the benefits you can get.