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I recently married and we own a condominium in Montreal. We are planning on having kids – should we make a will or is it too soon?

I recently married and we own a condominium in Montreal. We are planning on having kids – should we make a will or is it too soon? It is never too soon to make a will! It can always be modified as life changes. The important thing is to put down in writing what you wish would happen if one of you passes away. You might not want your in-laws to come and live with you as you mourn your loved one… That’s what happens if you don’t have a will. Furthermore, you can plan what will happen when you have kids. The death of a...

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I obtained a study permit and will be starting university in the fall. My program is 3 years and I will also be working part time. I have funds for my tuition fee and expenses, but should I also be saving?

I obtained a study permit and will be starting university in the fall. My program is 3 years and I will also be working part time. I have funds for my tuition fee and expenses, but should I also be saving? Saving is fundamental to your future: be it to realize a goal or to someday retire. Although, if you need your ressources to live during your studies, it can be hard to save at that time of your life. It can always be postponed, but with the power of compound interest, it’s better to start earlier than later. Furthermore, learning to...

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I’m moving permanently to Canada in 3 months, should I rent or buy?

I’m moving permanently to Canada in 3 months, should I rent or buy? It depends! What is your disposable ressources? What is your family and financial situation? What do you prefer? Renting can be good to get to know the city and neighbourhood you are going to move to. It is easier to get out of a lease than to have to sell a house if your are not satisfied with the area you live in. On the other hand, some people feel like renting is throwing money away. Buying gives more opportunity to profit from the resale or the renting out of the...

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