The Financial Planners Standards Council commissioned a survey last month asking Canadians about their financial stresses; here’s what they said: More than eight-in-ten (83%) of Canadians said they have at least one financial regret; topping the list 25% said they…
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 compliance to what to do with our refunds. Understanding the urge to spend it on travel, shopping or dining, here are a…
Economic Update Q1 – 2018
In contrast to the relative market calm of 2017, volatility returned to equity markets in the first quarter of this year. Most global markets dropped sharply in early February, with some falling into correction territory (a decline of 10% or…
Last Minute Tax Filing Tips
If you’re scrambling last minute to get your taxes done before the April 30th deadline, here are a few tips directly from Canada Revenue Agency (CRA); Do your taxes on-line. CRA has created a list of certified software packages and…
Ontario’s 2018 Budget: Benefits = Debt
A couple of weeks ago the Ontario Liberal government announced their 2018 budget. Although the benefits may seem vary enticing, it leaves one to wonder, how are all these things going to be paid for? As it sits, Ontario’s debt…
Saving for Disabled Family Members
April is Autism awareness month; these types of campaigns are important because they remind us of the many families whom struggle financially to take care of disabled loved ones. One government program that can help is a Registered Disability Savings…
Most Googled Tax Questions
If you Google tax questions you’re not alone. According to Google trends Canadians’ tax searches increase every year between February and May. Here are the top four Googled tax questions for 2017; #1 Income Tax Deadline in Canada. The last…
Have You Planned for Incapacity?
Your estate planning shouldn’t end with an up-to-date will; it should also include powers of attorney (PoA) for both property and personal care. A Power of Attorney is a legal document that gives someone else the right to act on…
Are you in your 50s and carrying debt?
You’re not alone Did you always imagine you would be debt-free by your 50s? Are you surprised, and disappointed, that you’re not? You are not alone. Canadians in their 50s have an average of $108,000 in household debt. Your 40s…
Women, Pay-Equity & Financial Challenges
There is a lot of talk lately about Pay Equity for women. It’s been 30 years since the government introduced Equal-Pay-for-Equal-work legislation. This year both the Federal and Provincial governments have proposed further legislation to standardize employment income in hopes…