Happy Valentine's Day: Give the Gift of Financial Ease

    TORONTO, Feb. 11 /CNW/ - This Valentine's Day, the best gift to give to
your loved one is easing a potential stress in the relationship-money
    Here are six tips to consider as Valentine's Day approaches so you can
spend more time spicing up the romance and less time worrying about your

    Set a 'date' to discuss your financial future
      -  While it may not sound as romantic as a four-course candlelit
         dinner, meeting with your financial planner in February will help
         couples look at the big financial picture
      -  Best of all, working with a financial planner doesn't have to cost
         you a cent

    Gain Full Benefits of Spousal RRSPs
      -  Through using a spousal RRSP, the higher income earning spouse
         contributes money to the RRSP of the lower income earning spouse
         with the end goal of both spouses having more equal incomes upon

    Consider a Tax-Free Savings Account as a Gift
      -  Contribute to your RRSPs first, then put remaining savings, or
         return into a Tax-Free Saving Account

    Tax is a Family Affair - take advantage of co-ordinating tax planning
      -  The couple with equal incomes can optimize tax deductions and reduce
         total family tax paid, co-ordinating the filing of tax returns with
         your partner gives opportunity to save taxes

      -  Take a closer look into: charitable donations, medical expenses,
         pension income splitting etc.

    Create a Continuous Savings Plan
      -  Make a savings plan together; pay yourselves first
      -  Streamline your bank account by opening a joint chequing/savings
         account and then keeping a separate bank account for each of you
      -  Set aside money for nights on the town

     Save on the Valentine's Day gift with help of loyalty programs
      -  Save for a weekend-get-away for two with the help of AIR MILES, gain
         points on your debit and credit cards with BMO and redeem for
         romantic gifts and getaways


For further information:

For further information: Media Contact: Kasia Lech, kasia.lech@bmo.com,
(416) 867-3996; Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514)
877-1101; Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

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