This young couple can ‘have it all’ – but it will take some juggling
Allan Madan, CPA, CA
A common issue that plagues the majority of young Canadian households is financial planning for the future. Even with defined pension plans, most households will struggle to be financially secure. That is why it is crucial that you generate extra revenue streams for various different investment vehicles. Renting out free space in your home could be a good option as it provides an additional source of income, and the home expenses related to the area of the home is the rented can also be claimed. To learn more about this and what other financial planning tips you can take, have a look at this article on financial planning for young couples.
Disclaimer
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
