The March 1st deadline for RRSP contributions is fast approaching, if you are still unsure about making a contribution; here are some guidelines to help you make an informed decision. To start, you need to take your age, anticipated life…

You are not alone; at this time of year, I get a lot of questions around whether it’s better to invest in a Registered Retirement Savings plan (RRSP) or a Tax-Free Savings Account (TFSA).     Hopefully, this will help you…

Many seniors choose Segregated funds for the estate preservation feature; they can invest in the market to achieve growth potential, without putting their family’s inheritance at undue risk. Segregated (Seg) funds combine the growth potential of regular investment funds but…

2020 was a year none of us will soon forget. It started strongly, with equity markets at all-time highs and unemployment near record lows. But by mid-March, the coronavirus had reached North America after emerging overseas in late 2019. Governments…

As we settle into 2021, it will not be long before Canadians start focusing their attention on compiling their receipts and look ahead to filing their tax returns.  Here are a few important numbers you may need to know. Working…

As the final weeks of 2020 draw to a close, most of us are focused on holiday activities.  To ensure a fresh start to your 2021, now is the time to implement year-end tax strategies.  A quick review can uncover…

FP Canada recently commissioned two studies on Canadians’ financial confidence, and as Financial Planner I found the results unsettling. One study found that nearly 40% of respondents revealed they were so financially stretched that they could not withstand another financial…

Acting as an executor can be rewarding work, however if you don’t have a solid legal background, it can be a little confusing.  You can hire experts to help you, however it is important that you understand the estate documents.…

For many Canadians, receiving CERB in 2020 combined with not having as may deductions will cause their tax returns to look quite different this year. In some cases, people who would normally receive a refund, may end up owing tax.…

Historically, elections have had little effect on the markets over the long-term, and whatever impact they might have, it is always difficult to predict. While I write this, the votes are still being counted and in Mackenzie Investments Chief Economist…