Skip to Main Content

New articles will be posted on the 15th of each month

Spring Cleaning: Do You Have Visibility Over Your Cash Flow (May 2022) 

Do you know how much you spent last year? If so, how much was spent on each type of expenditure? While we may have good visibility over our income, many of us may not have a clear picture of where our funds are going. In fact, a recent study suggests that the majority of people have no idea how much money they spent in the last month alone.
 

For more details view the full article.

Six Money Questions to Discuss with Your Partner (April 2022) 

Money continues to be one of the top issues that couples argue about. While research has determined that talking with a spouse or partner about finances can actually increase relationship satisfaction, many couples are still hesitant to have these conversations.

Do you talk about finances with your partner? If you are looking to engage in a discussion, here are six questions to help start the dialogue. 

For more details view the full article.

Financial Planning After Death or Divorce (March 2022) 

The loss of a spouse - whether as a result of death or divorce - can be one of life's most challenging events. There are similar emotions that can emerge in the aftermath of either situation: grieving a loss, the fear of uncertainty and feelings of being overwhelmed. Complicating matters, it is also a time in which new tasks and responsibilities will need to be assumed, especially as they relate to your finances. 

For more details view the full article.

RRSP to RRIF - Plan Ahead (February 2022) 

After years of contributing to the Registered Retirement Savings Plan (RRSP) to save for your retirement, the decision to convert the RRSP to the Registered Retirement Income Funds (RRIF) often signals the start of a period in which you will be able to enjoy the fruits of your labour. 

For more details view the full article.

TFSA: What's Your Strategy? (January 2022) 

With cumulative eligible Tax-Free Savings Account (TFSA) contribution now standing at $81,500, the TFSA has the potential to be a compelling component in growing your retirement nest egg. How compelling? Consider an investor who maximized annual TFSA contributions since its inception in 2009. With no further contributions, in 45 years, this investor would have over $1,000,000, assuming a 5 percent rate of return per annum (see article inset). Most important, any income earned within or withdrawals made from the TFSA are not subject to tax in Canada*.

For more details view the full article.

  

Year-End Tax-Planning Considerations (December 2021) 

Are you doing all you can to save tax? With top marginal tax rates of over 50 percent* for the majority of provinces in Canada, the opportunity to reduce the taxes you pay should not be overlooked. As the end of 2021 is quickly approaching, now may be a great time to consider taking certain actions before the close of the year to save on your 2021 taxes.

For some ideas view the full article.

*For ordinary income, including employment income, interest income, pension income etc 

  

Gifting Money to Adult Children (November 2021) 

There are many reasons to gift money. It may be fulfilling to see what "inherited" funds contribute to while you are alive. Gifting assets to family members during your lifetime may help to reduce the overall family income tax bill. It may also provide an opportunity to teach adult children how to invest. If you are contemplating gifting funds to adult children, there are a few things to keep in mind.

Click here to read the full article. 

  

Helping Seniors with Cybersecurity (October 2021) 

Seniors comprise a growing share of our population: Canadians are living longer than ever and, at the same time, having fewer children than decades ago. As the number of seniors continues to grow, they have increasingly become a target for fraud.How can we protect seniors from fraud? We have a few suggestions on where to begin...

Click here to read the full article. 

  

Business Owners: Your Most Valuable Asset is You (September 2021) 

For many business owners, one of the most valuable business assets is the business owner themselves: their ability to work, generate income and contribute to the business. As such, having insurance to protect the owner can be an essential component to the business.

Click here to read the full article. 

  

RESP Withdrawals: Think Strategically (August 2021) 

If you have opened a Registered Education Savings Plan for the benefit of children or grandchildren, chances are that you have been disciplined in contributing over the years. However, have you considered the way in which you will eventually withdraw funds from the RESP? 

Click here to read the full article.