Planning Ahead
Don’t let debt risk your future financial security.
The average debt-to-income ratio among Canadian families is now at a record high of 163 percent. This means that, for every $100 of disposable income earned per annum, the average family owes $163.
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Investing with a team of asset managers
If you are an investor who remembers the mortgage debt crisis of 2008-9, you know that the stock market lost significant value. From an investment standpoint, the real downside occurred when some investors sold off their equity holdings due to …
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RESP: Saving for children’s and grandchildren’s education
Canadian legislation enables Registered Education Savings Plans (RESPs) to support education savings for children and grandchildren through specific provisions outlined in the Canada Education Savings Act and related regulations. Facts about an RESP A Registered Education Savings Plan (RESP) is a …
Read Article Understanding transferring RRSPs to RRIFs.
RRSP Maturity Strategies: You are allowed to contribute to your RRSP up until December 31 of the year that you turn 71, at which point your RRSP must be closed. Instead, you can select any or a combination of: transferring …
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When Permanent Insurance makes sense
As the children get older and move out on their own, and your mortgage and other debts are nearly paid off, the need for life insurance capital designed to replace income for dependents decreases.
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Avoid the Old Age Security (OAS) Clawback
The Old Age Security (OAS) clawback, officially known as the OAS recovery tax, reduces the amount of OAS pension you receive if your income exceeds a certain threshold. To avoid or minimize the OAS (Old Age Security) clawback in 2025, …
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RRSP and TFSA REVIEW 2025
What are some differences between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP)? The tax benefits of the Tax-Free Savings Account (TFSA) The TFSA is a registered savings account that makes it easy for Canadian taxpayers …
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Is your money safe in a mutual fund?
One day your retirement income will flow from the capital you have been saving for years during thirty to forty of your working years.
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What is taxable in an estate?
After the death of an individual, every estate must file a final (or ‘terminal’) tax return. All assets are deemed to be disposed of at time of passing, and this can trigger probate fees and other expenses.
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Getting down to the essentials of your financial goals
An advisor will work to help you achieve an investment plan. You must anticipate change and reflect on your specific financial goals and objectives while considering your level of investment risk tolerance. Your plan should be flexible enough to anticipate …
Read Article Life insurance business strategies
Financial products and services address specific needs in your financial plan and help you build a successful business. As an advisor, I can access a broad range of insurance, investment, employee disability, and group benefits to help meet your individual …
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