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KUFF Financial Group Canada

28/08/2026

The complete Canadian financial system in one post. Save this.

ACCOUNTS TO OPEN:
TFSA → $109,000 total room → invest in ETFs → zero tax ever
RRSP → 30-40% back → high income years → reinvest refund
FHSA → $8,000/year → Tax Deductible + Tax-Free for 1st home
RESP → $500/year free → open at birth → invest in ETFs

SWITCHES TO MAKE:
Big bank → Virtual Bank: saves $400+/year in banking fees
Mutual fund → ETFs (XEQT/XEI/VFV): saves $150,000 over 25 years
Monthly mortgage → accelerated bi-weekly: saves $73,000
Sign renewal → negotiate: saves $16,800/term

NUMBERS THAT MATTER:
$270 bi-weekly from 25-40: $1,300,000 at 65
$50,000: credit score 620 vs 780 on $600K mortgage
$151,000: TFSA cash vs invested over 20 years
$876,900: what you need saved to retire comfortably

One post. Save it. Share it. Use it.

Comment "Learn" to grab "The Canadian Guide to Money at Every Age".

08/08/2026

HOUSE AFFORDABILITY FOR A COUPLE MAKING
$35/Hr EACH:
No.of hrs worked: 40 hrs/week
Annual Income: $72,800 ($35x40x52)
Total Household Income: $145,600 ($72,800×2)
Down payment: $50,000
Interest Rate: 4.10%
Amortization: 25 yrs
昂
Affordability:
• MAXIMUM Stretch: $611,000
• BALANCED Budget: $565,000
• Play It SAFE: $471,000

06/08/2026

Society celebrates:
→ The $90,000 truck in the driveway → The upgrade to a bigger house
→ The expensive vacation posted online
Nobody celebrates:
→ Maxing the TFSA for the third year straight
→ Paying off the last credit card
→ Hitting $100,000 invested
→ Changing TSA designation to Successor
Holder
Wealth is built quietly. Debt is celebrated loudly.

23/07/2026

The 4 Most Expensive TFSA mistakes
Canadians make:
Mistake 1: Holding cash instead of investing. It's not just a savings account.
Mistake 2: Over-contributing. Triggers 1% penalty per month from CRA.
Mistake 3: Re-contributing withdrawals in the same year. The room only restores on January Ist next year.
Mistake 4: Never opening one. $109,000 in room sitting completely unused.
Every mistake on this list has a real dollar cost.

21/07/2026

Here' the cost of buying a $600,000
with Minimum Down:
in Canada
• Down Payment - $35,000
• CMHC insurance - $22,600
• Closing Costs - $9,720
• Mortgage - $3,103.65/month (at 4.04% int)
• Property Tax - $400/month
• Home Insurance - $200/month
• Utilities - $350/month
Total Housing Cost - $4,054/month
Cash req to close - $44,720
How much income you Actually need to Afford?

17/07/2026

The couple that invested $10/day and never looked back.
$10/day × 2 = $20/day = $600/month Invested in an ETF in their TFSA.
Average blended return over 30 years: 8%
They never watched the market.
Each kept sending $300/month. Every month.
360 months.
30 years later:
→ Total invested: $216,000
→ Portfolio value: $839,000
They created $623,000 of wealth from nothing.
With $10 each per day.
The math isn't the hard part. The consistency is.

17/07/2026

A $2,500/month rent is NOT equal to a $2,500/month mortgage.
Owning comes with costs your landlord currently pays for you:
• Property tax: $400-$600/month
• Home insurance: $150/month
• Maintenance reserve (1% annually):
$500-$700/month
• Utilities (often included in rent):
$250/month
Real monthly cost of a $2,500 mortgage:
$3,800-$4,300
Before you buy - calculate the REAL monthly number.
Not just the mortgage payment.

14/07/2026

If you are 30 and buying a home with a 25 years mortgage,
You'll be 55 years of age before you can payoff your loan.
But if you can overpay $300 each month that's $10
a day,
You would save $55,000 in interest on a $500,000
mortgage And
reduce the term by 5 years.
Means by the age of 50, you'll be Mortgage-Free and actually call it a home.

13/07/2026

CAN I AFFORD A $549,000 HOUSE?
- House Price: $549,000
- Down Payment: $54,900 (10%)
- CMHC Ins: $15,317
- Mortgage Req: $509,417
- Int Rate: 3.99%
- Amortization: 25 Yrs
- Mortgage: $2,676.88/month
- Tax+Utilities: $700/month
Insurance: $200/month
Total Monthly Housing Cost: $3,576.88
Annual Income Required: $147,500
Keeping your housing cost ‹30% of Gross income, allows you to save, invest and handle unexpected expenses in the future.
Comment "PLANNER"
To Calculate Your ACTUAL Affordability

08/07/2026

You can choose between a Term Life Insurance or Mortgage Insurance provider by your lender.

Below is the difference between two:

👉 Mortgage Insurance

• Covers only your outstanding mortgage balance.

• The cost stays the same, but the benefit decreases as you pay down your mortgage.

• The death benefit goes directly to the mortgage lender to pay off the mortgage.

• There’s no extra money to cover other expenses, and you don’t get to leave any cash behind for your beneficiaries.

• Your policy doesn't automatically move with you if you change mortgage providers.

• You’re paying the same premium for a dwindling death benefit.

• You can’t change your coverage.

• You’re only protecting the outstanding balance on your mortgage.

👉 Term Life Insurance

• The premium is usually low.

• You can choose the amount of coverage and you’re covered for a set period, such as 20 or 30 years.

• The amount of coverage you buy doesn’t decrease over time.

• The money from a life insurance policy goes straight to your beneficiaries – not the mortgage lender.

• Every life insurance policy provides a tax-free death benefit to the beneficiary.

• Money can be used to pay off the mortgage – or for any other reason they choose.

• Your policy stays with you even if you renegotiate or transfer your mortgage to another company.

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