Quote:
Originally Posted by Zevo
We've been thinking about plans for awhile as well. I think what we might try is to put $40 a month into a savings account. To use you're accident as an example, you would have $480 available just from the last year, so would still wind up with ~$230 left in the bank. With pet insurance, you would have to pay a deductible and would be out the $480(assuming a 40 dollar plan, as we didn't see anything we liked for less). Now if you go another 2 years without any accidents, you would have ~$1200 saved up.
The key is to actually put $40 a month away. We haven't done it yet, our pup is only 5 months old but we're thinking of opening a seperate account and having an automatic monthly deposit set up.
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If the gov't would only amend the TFSA rules to let me open a TFSA for my dog, that would be great. Nice little tax free savings vehicle for pet expenses.