November is Financial Planning month; and as a follow up to the Financial Planning Standard’s Council (FPSC) survey done in 2014, the FPSC recently commissioned a Financial Stress survey. Of the over 1,100 Canadians surveyed 41% ranked money as their…
Year-End Tax Tips
As the end of 2018 approaches, now is the perfect time to review your personal finances and figure out if there are any strategies you should be taking advantage of to help you save tax come April. Here are some…
Tips for Riding out Volatile Markets
Don’t watch from the sidelines. When stock markets become volatile a lot of people will try to guess when the stocks will bottom out. In the meantime, they often park their money in cash and wait until they see an…
CPP Increases to Start 2019
In 2016, the federal and provincial governments agreed to enhance the Canada Pension Plan (CPP); the plan is to increase the amount of retirement benefits Canadians will receive going forward. The hope is to raise the benefit to equal one-third…
Economic Update Third Quarter 2018
During a period characterized largely by trade uncertainty, global asset markets delivered mixed results for the third quarter of 2018, with the U.S. equity market reaching new highs and outpacing many of its global counterparts. U.S. equities posted strong results,…
Credit Myths and Realities
Your credit score is a numerical representation based on your current and past credit history, it will range between 300 (worst) and 900 (best). There are always misconceptions on what affects your credit; here are a few myths and realities:…
How to Cope Financially with a Critical Illness
Every three minutes Cancer picks a fight with another Canadian. Becoming critically ill is something none of us want to think about; but we all know families whose lives have been dramatically affected by this terrible disease. Some of you…
NAFTA and the Canadian Market
As NAFTA negotiators continue to seek common ground and try to find a resolution the uncertainty is putting pressure on the Canadian economy. Canada is under pressure to strike a deal with the U.S. alongside Mexico before the end of…
When do you need a Power of Attorney?
Currently there are over 450,000 Canadians over the age of 65 that are suffering from Alzheimer’s or a similar condition that causes dementia and leads to mental incapacity. One third of Canadians know someone who has Alzheimer’s, and the situation…
Reading, Writing & Financial Literacy
Students across Canada are back to school this month; let’s hope before they graduate Money Management is added to their curriculum. Financial literacy is critical to the prosperity and well-being of all Canadians. And, just like reading and writing, financial…