Join us on an exciting journey into the world of financial planning with our Money Minute blog series. Featuring short reads and videos, this series offers practical financial resources that simplify complex concepts, making them more understandable and accessible to everyone. Whether you’re an experienced investor or just beginning your financial journey, our content is tailored to all levels of expertise and investment interests. If you have any questions or would like to schedule a meeting with one of our advisors, please don’t hesitate to contact us.
Canadians are having a harder time than ever saving for retirement as well as paying down debt. Debt levels are higher than they’ve ever been. For example, 2003 Debt-to-disposable income was 120% versus today at almost 180%. Real estate and consumer goods have jumped significantly in price and it doesn’t…
Read More »Canadian workers rightly assume that the Canada Pension Plan (CPP) will be there for them when they reach retirement. In honor of this expectation we thought we would dig a little deeper into this national program. Here is what we found: Interesting Facts: It is the 10th largest pension in the…
Read More »The majority of people we talk to do not understand how Tax-Free Savings Accounts (TFSA) work or how to best utilize them. This is partly due to how TFSA’s have been marketed by the banks. Here are some key things to know about these valuable tax shelters the government implemented…
Read More »To Split or not to Split…That is the question. Income Splitting Strategies So what is Income Splitting, and who is eligible to quality for the benefit? Income Splitting is a way for families to split up their income so that if one spouse earns more than the other, the higher-earning…
Read More »This is the question I have been asked the most in my financial career: Should I pay down my mortgage or put money into my RRSP? The answer I give is: It depends! I know it’s probably not the answer you were looking for, so let me provide some rules…
Read More »That Is The Question Should we downsize our house? If so, when? Maybe never? I think that downsizing too early or without planning can be one of the most costly retirement mistakes. I have seen couples that have downsized, found that they have not liked it, and then purchased a…
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