The outlook for the economy and the markets is finally starting to turn positive, with central banks holding rates for now, but expected to start cutting in 2024. According to CIBC World Markets Inc.’s economic outlook, even though 2024 is…
Avoid Debt this Holiday Season
Today is Black Friday! Monday is Cyber Monday! This weekend is when most of us will power shop to get all our holiday shopping started or done. However, to help avoid a nasty credit card bill in January, here are some useful…
Year-End Tax Tips for 2023
It is hard to believe there are only six weeks left in 2023. As the end of the year fast approaches, like me you are probably looking forward to enjoying the upcoming festive season. However, along with your last-minute shopping, here…
The Consequences of missing – or ignoring – CRA mail
Most of us get an abundance of emails daily that can range from work emails, spam, newsletters, etc. With so much information making its way into our inboxes everyday it can be easy to miss a few important emails once…
Getting Divorced & Dividing Assets
When you split up with your spouse you will need to divide your assets. The division of assets upon relationship breakdown is a provincial/territorial concern and there are variations across the country depending on where you live. There are also…
Tips for Riding out Volatile Markets
Third quarter statements are arriving in mailboxes and many investors are seeing their bottom line has dipped once again. Nobody likes volatility, and it makes some investors nervous. Here are a few tips from an article by Franklin Templeton to…
RESP Update
The Government of Canada has made some recent changes to the Registered Education Savings Plan (RESP) withdrawal and account holder requirements. The RESP is an investment account designed to assist Canadian parents/grandparents in saving for a child’s post-secondary education. The…
Q3 Market Update
After strong back-to-back first and second quarters, the good run investors have had in 2023 temporarily came to end in Q3 as interest rates, inflation and a slowing economy reined in the market recovery. U.S., Canadian, and global equities began…
Thanksgiving is Upon Us
Last year I had such an overwhelming response to my Thanksgiving blog, I thought I would run in again with a few updates. For me, Thanksgiving has always been a time to sit back with family and close friends and…
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…