Key Financial Concepts: What You Need to Know
Key Financial Concepts: What You Need to Know
At Mitesco Financial Coaching, we believe that everyone deserves to understand the financial tools available to them — not just the wealthy or the well-connected. That’s why we’re committed to helping you make sense of the building blocks of personal and business finance.
That’s why we take the time to walk you through the essential building blocks of personal and business finance — in plain language, with real-life context, and no judgment. Here are the essential concepts we guide our clients through:Real Estate & Debt
Learn to manage mortgages and personal debt wisely, understand your borrowing power, and avoid common financial pitfalls.
RESP & RDSP
Leverage government grants to save for a child’s education or support a dependent with a disability.
FHSA & RRSP
A new way to save for your first home — with the tax advantages of both an RRSP and a TFSA.
TFSA (Tax-Free Savings Account)
The TFSA (Tax-Free Savings Account) is one of the most powerful — and misunderstood — tools available to Canadians.
Insurance
Explore how life, critical illness, and disability insurance can protect your family — and be used as a long-term wealth strategy.
Corporate Strategies
For business owners and incorporated professionals: optimize your structure, minimize tax, and build wealth inside your corporation.
