Financial Library

The Rising Cost of Living

Posted on: May 9, 2022

For much of the pandemic, there has been fear about Inflation and what kind of effects it might have once things started to open up. In 2020, we actually witnessed prices go down which is a phenomenon we aren't used to in North America1. Starting in March of 2020, the COVID-19 crisis and the restrictions brought in to deal with it reduced demand for many services. The prices for these services dropped in many cases. We had a major crash in energy prices and these factors led to a slowing of inflation.

Update on Ukraine & Income Tax Deadlines

Posted on: April 11, 2022

My last newsletter was written just as Russia had invaded Ukraine and at that time, we had no idea how things would play out. I wish that by now, I would have been able to report that this was a short-lived conflict. As I write this though, we are six weeks into a very violent conflict. We have followed this war closely as it obviously impacts the global economy in significant ways. We have witnessed a terrible assault on the people of Ukraine which has included many fatalities.

When Interest Rates Rise

Posted on: April 11, 2022

One way to curb rising inflation is to increase interest rates, and that is what the Bank of Canada (BoC) is expected to do incrementally - over the next year. As interest rates begin to tick upward, it is an ideal time to look at your financial position, including your debt and savings strategies.

Tags: 
investment planning

Where's the Money?

Posted on: March 7, 2022

When Dora died on August 1, 2018, most of her assets passed by Will to her adult children and were therefore subject to probate. $250,000 was in GICs and a fairly rapid transfer of this money to her heirs was expected. But that was not the case. They had to wait until March 2020 for it. That's right, almost two years.

Tags: 
estate planning

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