Skip to main content

Lifestyles 55 2026 March Digital

Page 1

March 2026

lifestyles55.net

MANITOBA

FAST

DENTURES

204-947-1807 The debate about City Hall continues

5-6

Time for some Mediterranean lamb shanks!

Time to get puzzled!

9

Tips for seniors who are first time home buyers Evelyn Jacks

T

he First Home Savings Account (FHSA) is quite possibly the most lucrative tax assisted investment to come along for Canadian residents who have not owned and lived in a principal residence in the current or any of the four preceding calendar years. The tax savings start to occur when the money is contributed to the plan – you’ll get a tax deduction. But in addition, the principle earns tax free income while in the plan. Then upon withdrawal for a home purchase, the money is received on a tax-free basis. To take advantage this tax triple-header, read on: How Much Can Be Contributed? It is possible to contribute up to $8,000 per year to a FHSA. The maximum lifetime contribution to the account is $40,000. The contribution room is created when you open an FHSA, so that’s an important first step.

This account differs in significant ways from other registered accounts. For example, annual contribution room is earned for a Tax-Free Savings Account (TFSA) simply by being a Canadian resident aged 18 or older. New TFSA contribution room is added automatically to your

records with CRA every January 1st. Contributions allowed to an RRSP are based on the prior year’s earned income and they can be made during the calendar year or within 60 days of the next calendar year. In the case of u 8 ‘First time home buyers'

Lose yourself in the music of the 2026 Winnipeg Baroque Festival The festival runs from March 29th to April 18, 2026 Trudy Schroeder

F

estivals are a beautiful way to explore a collection of performances that have been curated and structured to provide variety, great quality, and excellent value. This year, Winnipeg’s Baroque Festival continues its five-year tra-

dition of presenting a splendid array of music that features the outstanding talents of local musicians and ensembles and some great guests as well. The festival includes 13 concerts in venues around the city, more than 300 musicians performing in solo performances or in ensembles of varying size, and more than twenty-five u 11 ‘Baroque Festival'

12

Men’s Sheds Manitoba – what’s that all about?

I

t’s about guys doing interesting things and making new friends Are you at loose ends, wondering what is the point of it all? Men’s Sheds can give you a new lease on life. Originating in Australia in the late 1990s, the Men’s Sheds movement has since grown to over 2,500 Sheds in more than 12 countries, and the numbers keep growing! The first shed in Canada began in Winnipeg in 2009 and has grown to 11 sheds in Manitoba and over 140 sheds across Canada. While each is as different as the communities they are found in, Men’s Sheds all share the same aim of improving men’s health and well-being by providing a space for social interaction, skill-sharing, and community engagement. We welcome all men Many of us find that a good portion of our lives have revolved around career and work activities. When retirement or lifestyle changes come along, or we finally have an opportunity to spend time on activities we have looked forward to, we may not find it as enjoyable without a friend or two to share the fun. u 17 ‘Men's Sheds'


Turn static files into dynamic content formats.

Create a flipbook
Lifestyles 55 2026 March Digital by PegasusPublicationsInc - Issuu