If you are one of the lucky ones who will be escaping this crazy winter and traveling south to a sunny warm destination; remember to include travel medical insurance as part of your planning process. Our provincial medical plans only…
Decision Day – RRSP or TFSA?
Midnight tonight (Friday March 1st) is the deadline to invest in your RRSP to receive a tax deduction for your 2018 tax return. Many people are still confused as to where to invest their savings; an RRSP or TFSA? In…
Four Ways to Preserve Wealth Using Life Insurance
When people think of Life insurance they normally associate it with providing the financial support your family will need if you are no longer around to take care of them. However, life insurance can also help you and/or estate preserve…
RRSP Loans – A Good Debt Strategy
Let’s suppose you invest on a monthly basis into your RRSP, say $250 per month to total $3000 at the end of the year. If you have additional unused contribution room; you can boost your contribution with a short-term RRSP…
Nobody Likes Volatility
Everyone knows how to win. Few know how to lose. Yet the secret to making money in the various markets is knowing how to lose and how to control your losses. In the book Warren Buffet calls the best book…
In Loving Memory – Pre-Arranging Your Funeral
Many people plan ahead and prepare their own final arrangements, some will even pre-pay; although most funeral homes don’t require it. Why is planning ahead a good idea? It saves your family and friends from having to make many…
Controlling your Cash Flow
With interest rates expected to rise many Canadians are second-guessing some of the financial decisions they have made; 43% regret how much debt they are currently carrying. When looking at your personal finances remember it is not just about the…
RRSPs 101
A Registered Retirement Savings Plan (RRSP) is not an investment in itself; but rather an account that you hold investments within. An RRSP is not tax-free, it is a savings plan that allows you to put off paying tax on…
Important Tax Numbers-Revised for 2019
With the holidays behind us Canadians now turn their focus to compiling their tax receipts as they look ahead to filing their returns before April 30th. Here are a few important numbers you may need: Working Canadians: RRSP Contribution Limit:…
Looking back at 2018 and ahead to 2019
In 2017 we saw synchronized growth in the world’s economies; in 2018 the global markets moved out-of-sync with each other and away from harmonized growth. This desynchronization of the world’s economies caused the U.S. dollar to strengthen and led the…