Being accepted into university, college or grad school is a major milestone in your child’s life. Before they head off to campus in the next couple of weeks be sure to advise them on how to attend post-secondary without racking…
You’ve been asked to be an Executor; now what?
It’s not the kind of question that comes up every day; so before you accept automatically you should know what will be expected of you. Although you may be flattered by the request, your willingness to be someone’s executor should…
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…
Passing Down the Cottage
Many Canadians (including our family) will spend this long-weekend on the dock, boating, fishing, enjoying various water sports, and sitting around the campfire eating s’mores. Family cottaging is a great Canadian tradition – one that many people inherit from their…
How to Teach Your Kids the Importance of Finances
As a parent, it can seem almost impossible to teach your kids the importance of saving for their future and understanding the value of money. Depending on the age of your child, the way you teach these lessons may vary. …
It’s Finally Here! – Tax-Free First Home Savings Account
The new Tax-Free First Home Savings Account (FHSA) is finally here! Fidelity Investments is one of the first firms to make this account available to investors. Fidelity has provided advisors and investors with the following information in regards to FHSA accounts. This…
Q2 Economic Update
Q2 was a second successive strong quarter for investors as stocks continued their promising 2023 recovery and bond yields stabilized on growing economic optimism and cooling inflation. U.S. Canadian and global equities closed the quarter and first half of 2023…
How much do Canadians need to save for retirement?
“How much do I need to save?” – This is one of the most asked questions when working with people on their retirement plans. The answer can vary greatly from person to person depending on what lifestyle goals they have…
Great Canadian Facts
Happy Canada Day! As you enjoy the time off and celebrate this long weekend be grateful we are able to live; work and retire in one of the greatest countries in the world. Here are some interesting facts I thought…
The Fidelity Retirement Report – 2023
Every year Fidelity Investments Canada completes a study on retirement trends; the 2023 report is called The Advantage of Advance Planning for Canadians Amid Inflation and Uncertainty. Here are the key takeaways from this study: The spike in inflation over the…