National Philanthropy Day Meets Financial Literacy Month-BMO's Tip of the Day: Give the Gift of Securities and Benefit From Tax Savings
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/14/11 -- To mark Financial Literacy Month, which was launched by Finance Minister Jim Flaherty, BMO is releasing a series of financial tips throughout November. And with National Philanthropy Day tomorrow, today's tip is designed to help individuals and families 'Make Money Make Sense' with their charitable giving.
BMO's Tip of the Day: Canadians can give the gift of securities and benefit at tax time.
"This is a fast, simple and convenient way to make a difference and support a cause that you believe in," said Marvi Ricker, Vice President & Managing Director of Philanthropic Services, BMO Harris Private Banking. "As many Canadians look to participate in charitable giving, several organizations, such as United Way and other local community foundations, have made this alternative giving option available to investors looking to support great causes.
BMO Financial Literacy Month Tips
: Pay more than the minimum payment on a credit card balance.
: Choose a shorter amortization for your mortgage.
: Contribute to a child's Registered Education Savings Plan (RESP) as early as possible.
: Invest in a Tax-Free Savings Account (TFSA) to maximize your savings.
: Switch to weekly mortgage payments to save interest and become debt-free faster.
: Take advantage of credit card travel insurance to lower costs.
: Start early and contribute often to your investment account, rather than waiting to invest.
: Consolidate High-Interest Debt With a Line of Credit to Reduce Costs
For more on financial literacy, BMO encourages Canadians to visit and .
Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-1101
Laurie Grant, Vancouver
604-665-7596
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Datum: 14.11.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 87463
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