Let’s suppose you invest on a monthly basis into your RRSP, say $250 per month to total $3000 at the end of the year. If you have additional unused contribution room; you can boost your contribution with a short-term RRSP…
Nobody Likes Volatility
Everyone knows how to win. Few know how to lose. Yet the secret to making money in the various markets is knowing how to lose and how to control your losses. In the book Warren Buffet calls the best book…
In Loving Memory – Pre-Arranging Your Funeral
Many people plan ahead and prepare their own final arrangements, some will even pre-pay; although most funeral homes don’t require it. Why is planning ahead a good idea? It saves your family and friends from having to make many…
Controlling your Cash Flow
With interest rates expected to rise many Canadians are second-guessing some of the financial decisions they have made; 43% regret how much debt they are currently carrying. When looking at your personal finances remember it is not just about the…
RRSPs 101
A Registered Retirement Savings Plan (RRSP) is not an investment in itself; but rather an account that you hold investments within. An RRSP is not tax-free, it is a savings plan that allows you to put off paying tax on…
Important Tax Numbers-Revised for 2019
With the holidays behind us Canadians now turn their focus to compiling their tax receipts as they look ahead to filing their returns before April 30th. Here are a few important numbers you may need: Working Canadians: RRSP Contribution Limit:…
Looking back at 2018 and ahead to 2019
In 2017 we saw synchronized growth in the world’s economies; in 2018 the global markets moved out-of-sync with each other and away from harmonized growth. This desynchronization of the world’s economies caused the U.S. dollar to strengthen and led the…
Please Santa; bring us a Rally
There is always talk about the Santa Claus Rally in the financial industry this time of year, and with good reason. Since 1990 the Down Jones industrial average has gained 2% on average in the last month of the year,…
Converting your RRSP to a RRIF this year?
If you are converting your RRSP into an RRIF this year, here are five things to consider: Making one last RRSP contribution If you are 71 years old and still have RRSP contribution room, consider making one last RRSP contribution…
Tips to Avoid Identity Fraud
As we head into the Christmas shopping season at full speed many of us will be turning to the internet to make our purchases. No matter how cautious we are about protecting our personal information; crooks will always come up…