Simply put, this behavioural finance concept is the tendency of people to overestimate their ability to control a situation, often leading them to make decisions that are far riskier than they anticipate. This concept can be used to illustrate the…
Withdrawing Money from Your RESP
If your child is planning on attending college or university next month, chances are you need to redeem money from your Registered Education Savings Plan (RESP). Although you don’t have to provide receipts; you will have to provide Proof of…
Advice for the Surviving Spouse
More than 1.3 million women and almost 350,000 men become widowed in Canada every year. Losing a spouse unleashes a deluge of financial tasks that can be daunting, even if the survivor was actively involved in the financial matters before…
Getting Married?
Consider a Marriage Contract Thousands of weddings have been dramatically downsized, postponed or canceled this year, leaving many couples unsure of how or when to re-start planning for their nuptials. Hopefully, marriage is the beginning of a long and wonderful…