As a parent, it can seem almost impossible to teach your kids the importance of saving for their future and understanding the value of money. Depending on the age of your child, the way you teach these lessons may vary. …
What is an ETF?
Exchange Traded Funds (ETFs) are investment vehicles that combine some of the features of Mutual Funds with some of the features of individual stocks. Although they are structured and regulated like Mutual Funds, they are listed and traded on stock exchanges…
7 Myths about Financial Planning
Myth #1: You Don’t Need One Whether you have a lot of money or very little a sound financial plan will help point you in the right direction – towards your long term goals. Whether they are to minimize taxes,…
Common Estate Planning Mistakes
Although most people (78%) have no experience in managing an Estate, more than 80% of us choose a family member or close friend as our executor, according to a CIBC poll. While family and friends may be dependable, more often…
Plan a Dream Vacation without Breaking the Bank
Many Canadians are exploring new vacation destinations this year; my brother just got back from Rome, somewhere he has dreamed of going for years. Traveling is about creating lifelong memories, experiencing adventure and connecting with family and friends. However, the…
Withdrawing Money from Your RESP
If your child is planning on attending college or university next month, chances are you are thinking about redeeming money from your Registered Education Savings Plan (RESP). Although you don’t have to provide receipts; you will have to provide Proof…
The Canadian Dental Care Plan (CDCP)
My son received a letter from The Government of Canada inviting him to apply for the Canadian Dental Care Plan (CDCP); while I explained the program to him, I realized that many of you may have similar questions. The Canadian…
How to Gift Money to Minor Children
Many grandparents, including my mother enjoyed gifting money to their grandkids on birthdays and/or special holidays. However, handing over an envelope of cash to the adult children isn’t always the best option. When asked, I suggest grandparents (or aunts/uncles) invest…
Market Update Summer 2025
Uncertainty around U.S. tariffs continues, but fears of the most disruptive outcomes have eased as negotiations progress on new trade deals. For investors, this means increased market volatility and some temporary economic challenges, but not a severe economic downturn. Economic…
Choosing a Fixed or Variable Rate Mortgage?
If you are unsure about what options are best when choosing your mortgage, you are not alone. Many people are confused when it comes to deciding between a Fixed Rate Mortgage and a Variable Rate Mortgage. Here are a few…