My parents are older, my mom sometimes reminds me of this and then, proceeds to tell me that they will probably be gone by the time I am a little older than she is now. Every time they go away…
AI and the Financial Industry
Artificial intelligence (AI) is all over the news these days and is described as a tool that will make our lives easier. As it trickles into many industries around the world, the financial industry is no exception. In a Bloomberg…
Kidnapping – A Billion Dollar Business
Whether you are traveling overseas yourself or sending employees; worrying about flight times and foreign customs make it easy to overlook the risk of being kidnapped and/or extorted. Kidnapping for ransom is a billion-dollar worldwide business run by experts in…
US Debt-Ceiling Explained
Once again, the politician’s south of the border are wrangling over whether to increase the limit of the U.S. national debt-ceiling. It’s a serious matter, failure to do so could lead to defaulting on the U.S. federal debt. What is…
Financial Lessons Learned from my Mother
Mother’s Day is a special day dedicated to recognizing all the strong, independent, hardworking, and selfless women in our lives. Our mothers have helped shape us into the people we are today and taught us many valuable life lessons along…
10 Things to Do with Your Tax Refund
Well, with filing our taxes in the rear-view mirror, it’s time to turn our attention from receipts and filing compliance to what to do with our refunds. Understanding the urge to spend it on Amazon or Skip-the-Dishes, here are a…
Post-pandemic Retirement Trends
As life returns to normal post pandemic, industry experts have started to notice some changes in retirement trends. David Cravit explained these notable changes in a podcast by Fidelity Connects. According to him, the classic definition of retirement we have…
Budget Changes to RESPs and RDSPs
Registered Education Savings Plans (RESPs) are designed to help families save for their children’s post-secondary education. The government will match 20% of the first $2500 contributed to the plan on an annual basis (per child). Contributions are not tax deductible and…
CIRA Scams
What you need to know Tax season can be a very stressful time for many Canadians. As we approach the season it is important to be aware of the types of scams currently going on. Scammers like to prey on…
Tax-Free First Home Savings Account
Everything you need to know The new Tax-Free First Home Savings Account (FHSA) is finally coming to fusion and should be available to the public by the end of April 2023. This account can hold both cash savings and investments;…