Financial planning preparedness requires a capital cash flow and goal that are achievable whichever case-scenario’s within short-term and long-term to save for the future unexpected expenditures and retirement planning preparation for old-age financial securities.

There are varieties of planned for future and long term financial preparedness in relation to life and health events of multi-layered responsibility and obligations such as health insurance coverage, children education plan, wills and estates plan, in life and deaths such as funeral pre-arrangement, retirement savings plan, old-age security that part within RRSP retirement savings plan and TFSA tax free savings plan, and separate budget for risks-management, accounting and tax payable.

Tax for Life on Earth

It is ongoing responsibilities and obligations associated with lifetimes commitment between families and the costs of living increases along with duh! tax annually, more than the actual monthly income salary per individual besides of overhead costs and miscellaneous fees associated with three types of tax (1) tax on income (2) tax on what we own and (3) tax on what we buy in the daily basis. Plus tax not limited on use items re-sales such as vehicles or any used goods re-sale products although, no one’s realizes how dreadful it is by having to pay a triple tax by realizing tax is taking more than (50) fifty percent of everyone annual income per individual law obedient citizens complying triple double-double tax for a lifetime.

Therefore, we must do our best to fully-understand, what is the best scenario for investment to earned than diminishing capital gained with extra tax payable and the 3rd party management fee’s plus associated administrative fees, postal fees Canada postage all the little amounts added-up into large-sum amounts. The lists goes on with overhead general expenditures tax and fees plus miscellaneous expenses administrative upfront cost.