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One of the amazing things about financial planning and retirement planning is how much the details matter. One detail in particular is very important and that is the province you live in.
It’s not even about the difference in cost of living, or the difference in average salary. Even with every factor being equal, just the difference in tax rates and provincial benefits are enough to impact your financial plan over time.
We’ve worked with clients who are nearly identical in every detail except for the province they live in. One client is very successful, while the other will run out of money in the future.
In this video we explore the same exact situation but in different provinces to see what province is the best and what province is the worst for your personal finances (at least for this situation).
To see more details on each scenario use these links (they will be active for 1year)...
British Columbia
https://public.planeasy.ca/dashboard/...
Alberta
https://public.planeasy.ca/dashboard/...
Saskatchewan
https://public.planeasy.ca/dashboard/...
Manitoba
https://public.planeasy.ca/dashboard/...
Ontario
https://public.planeasy.ca/dashboard/...
Quebec
https://public.planeasy.ca/dashboard/...
New Brunswick
https://public.planeasy.ca/dashboard/...
Prince Edward Island
https://public.planeasy.ca/dashboard/...
Nova Scotia
https://public.planeasy.ca/dashboard/...
Newfoundland and Labrador
https://public.planeasy.ca/dashboard/...
Disclaimer: This video is for educational purposes only and does not constitute investment advice or financial advice. All information provided is for illustrative purposes only and you should not rely on such information as the primary basis of your investment, financial, or tax planning decisions. Every effort has been made to ensure the accuracy of its contents. No representations, warranties or guarantees are made as to the accuracy of any estimates or calculations provided. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or recommendation, to buy or sell any financial product or securities. Before making any financial decision, you should review your situation with a financial planner.