Halloween teaches us valuable financial lessons like budgeting candy, but it’s not all gum drops and lollipops. A retailmenot.ca survey found that Canadians spent $1 billion on Halloween in 2015. In fact, the Halloween industry is so large that it can support retailers who are only open for the season.


According to Global News, the average Canadian spends $52 per person on costumes.T he cost of costumes rarely reflects the quality. So why shell out so much money? Save yourself from the frightening cost of a costume by dressing up as an iconic movie or TV character in plain clothes. Don’t let the cost of Halloween costumes scare you away this year.


4 Cheap Halloween Costume Ideas from Your Closet


For men:


Marty McFly from Back to the Future

You will need white sneakers, a jean jacket, blue jeans, a white buttoned shirt, an orange vest and a red t-shirt.

Quote: “Wait a minute, Doc. A… Are you’re telling me you built a time machine… Out of a DeLorean?”


Ace Ventura from Ace Ventura: Pet Detective

You will need to style your hair up and back in the iconic Ace Ventura style, a pair of black converse or boots, red striped pants or something similar, a floral pattern shirt, a white tank top and an ID card reading “Ace Venture Pet Detective”.

Quote: “That was close one ladies and gentlemen, of course in every contest, there must be, a loser. Lew-Who, Za-Her.”


For women:


Wednesday Addams from The Addams Family

You will need dark black mascara, a white collared blouse, a black long sleeve shirt, white stockings, a pair of black shoes and your hair in pigtail braids.

Quote: “I’ll stop wearing black when they make a darker colour”


Sandy Olsson from Grease

You will need red lipstick, a tight pair of black pants (preferably leather), a black shirt that shows off your shoulders and red high heels.

 Hang a leather jacket over your shoulder and do your hair to match Sandy’s to really sell this costume.

Quote: “Tell me about it, stud.”


Bonus: You can have a lot of fun dressing up as yourself in high school. Find an embarrassing photo of yourself and replicate the look.

A DIY costume will show off your creativity and make you the life of the party. Consider a costume from your closet before spending money at a retailer. The key to a great Halloween costume is making it fun, so memorize some movie quotes, dress up as your favorite character this year and save your money.


Tax Free Savings Accounts - Back to Basics

Published by on

First of all, we would like to wish you all a healthy and prosperous 2016!  With the turning of the calendar also comes the opportunity to deposit additional funds to your Tax-Free Savings Account.  The Liberal Government has decrease the 2016 contribution limit to $5,500, allowing total deposits of $46,500.  We wanted to take the opportunity to review some of the rules associated with Tax-Free Savings Accounts:


- You must be a Canadian resident and be 18 years of age or older to contribute

- If you are unable to make a maximum contribution, you are able to carry forward that portion for future years

- Over-contribution to your TFSA results in a penalty of 1% per month on your excess contribution

- Withdrawals can be made from your TFSA tax-free and will not be added to your income

- Investment income and withdrawals will not affect your eligibility for OAS or the GST credit

- Amounts withdrawn from your TFSA are added to your contribution room the following year.


Tax-Free Savings Accounts are available to you in a number of different savings vehicles including mutual funds, GIC's, high interest savings accounts and stock.


Please contact us to discuss how we can make a TFSA a piece of your overall savings or retirement plan.  We are happy to answer any questions you may have and discuss the rules surrounding TFSA's.