LIFE HAPPENS ... and so does my Blog! www.myblogat55.com

 The CRA has just announced the new TAX FREE  SAVINGS ACCOUNT LIMIT FOR 2023 $6500 FOR 2023 IF YOU HAVE NOT CONTRIBUTED TO A TAX  FREE SAVINGS THE TIME TO START IS NOW! About the TFSA Since 2009, the Canadian government has set a maximum amount that qualified Canadians can contribute to their TFSA every year, regardless of income. ·          Every year, your TFSA announces new contribution limits. ·          Unused TFSA contribution room can be carried forward indefinitely to future years. ·          Watch your contribution amounts because, if you contribute more than the total allowed, the over-contribution amount will be subject to a steep tax penalty. ·          Any withdrawals you take from your TFSA are added to your TFSA contribution room limit in the following year...

I know, easier said than done! You are absolutely right, but you can change your mindset, put a smile on your face, it's going to be ok!  Our mindset controls us, but time will heal us.  I remember one Friday night, it was about 7pm, and I was feeling down and sad, tears were streaming my face. I was missing the Neighbours and hanging out around the fire with appies, (YES we hold memories of our old life... your old friends, your home, your back yard....  but there is a field of opportunity just waiting for us to open our minds to it)      We feel alone, we have lost many friends, and now we don't know where to start, our bank account reads $275, now what? We can barely afford gas for our car.  Be positive, look on the bright side, you still have a car and now it's all yours! You do not have to share it with anyone! 🚘 It's time to shift your mindset into a new world, what can you do to make money?  What are your talents?  Do you love the job...

Today I would like to write about starting over after divorce and how to get your investment mindset in gear!  If you are like me and recently divorced, then you will understand this! "It's a mind-blowing financial shock when you realize you have ONLY YOU!"  There is no longer a back- up bank account!  There is No other person to support you when you have to stay home sick and can't afford the medications! Why? Gone...  you no longer have benefits!  Gone...... with your husband!   Everything you knew has changed!  Through my marriage we invested mostly in real estate, we had a few rental properties that I took care of while raising my children and working part time jobs.  We won some, lost some, but overall did well with it until it became so much work and stressful dealing with lousy tenants that we decided to get out of the industry.  We had always put away money into our RRSP, but I never really paid much attention to it, until the la...

Welcome to my Blog!  Life happens at 55!  Well who know I would be sitting at my dining room table with my laptop writing about my life!  I think it's time for swim! Be back soon! This is stressful!