It’s wedding season; and if you are tying the knot this summer take some time to review your financial household, you may find some unexpected benefits. Employee Health Plan – If only one of you has an employee benefit plan…
Protect Yourself Against Fraud
Fraud Expert and Author Kelly Keehn spoke at a Professional Development Day I attended; she had some great tips to help avoid being a victim of fraud, they included: Shred everything! Never throw out bills or personal information without shredding…
Same-Sex Couples still face some Financial Planning Hurdles
2019 marks the 50th anniversary of the Stonewall Uprising and a half-century of LGBTQIA+ liberation. It’s WorldPride month and this weekend Toronto plays host to thousands of same-sex couples celebrating their march towards equality. The number of same-sex couples has…
Quadruple your Financial Assets
Statistics show that investors who work with a Financial Advisor can accumulate as much as four times the financial assets than those who go it alone. Research also shows that having a planner create a comprehensive financial plan in line…
Financial Tips for Divorcees
The majority of common-law and married couples have shared assets. These include owning a home together (72%), joint bank accounts (64%), joint credit cards (52%) and a joint Financial Plan (64%). So how do you regain your financial independence…
Financially Surviving Cancer
This Sunday June 2nd is National Cancer Survivors Day. 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. If you do get…
Understanding Closing Costs
It’s exciting getting ready to take possession of a new home. Closing costs are estimated at 1-1.5% of the price of the property; avoid any surprises by reviewing all the final expenses before the closing date. Mortgage Default Insurance. If…
Minimize RRSP Over Contribution Penalties
Miscalculated and over contributed to your RRSP? If that over contribution exceeds the $2000 limit; here’s what to do: Decide Whether to Withdraw the Money. CRA will penalize you 1% of the overage every month until withdrawn, so in most…
No Will? What Happens…
Every wonder what happens if you die without a valid Will in place? Your assets will be distributed according to the formula set out in the legislation of the province in which you live. In Ontario, we have The Ontario…
10 Things to Do with Your Tax Refund
Well, with April 30th in the rear-view mirror, it’s time to turn our attention from receipts and filing to what to do with our refunds. Understanding the urge to spend it on travel, shopping or dining, here are a few…