It is hard to believe there are only weeks left in 2025. 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 holiday shopping, here…
What is a Reverse Mortgage?
A reverse mortgage allows Canadians over the age of 55 to retrieve some of the money they have invested in their home without selling it. There are a few ways you can access this cash; you can receive a lump…
Federal Budget Highlights
Earlier this week the Minister of Finance tabled the 2025 Federal Budget. Here are some highlights that I thought you would be most interest in. Personal Support Workers Tax Credit A temporary refundable credit is available for eligible personal support…
Prepare for a Critical Illness
Becoming critically ill is something none of us want to think about; but we all know families whose lives have been dramatically affected by chronic disease. In fact, 1 in 3 Canadians currently live with a chronic disease; 1 in…
When do you need a Power of Attorney?
There are several situations where you would want to have a Power of Attorney (POA) in place in the event something was to happen to you. For example, someone in the military who is being deployed overseas may want to…
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 are…
Insuring the Cottage Properly
Thanksgiving is bittersweet long weekend for many cottage owners as it signifies the end of the summer season. After enjoying their turkey dinner, cottagers will be pulling out the dock, draining the water, and storing away the deck furniture. Once…
Getting Divorced & Dividing Assets
When you split up with your spouse you will need to divide your assets evenly. 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…
Converting your RRSP to a RRIF this year
By December 31st in the year in which your turn 71 years young, you will be required to convert your Registered Retirement Savings Plan (RRSP) into a Registered Retirement Income fund (RRIF). If this is you, here are five things…
Tax-Free First Home Savings Account
The Tax-Free First Home Savings Account (FHSA) is a great tool to help maximize your savings towards purchasing your first home! This is also a reminder that you can only carry forward unused contribution room one year, so if you…