Financial Library

Record Temperatures and Record Highs on the Market

When looking at the locations that our clients live in, I'm not sure anyone escaped the heat wave that we experienced across Western Canada this summer. Here in the Calgary area, we got day after day of plus 30 temperatures and that was right before we left for Southern Saskatchewan which was also in the mid-30s. We literally spent about ten days in that heat and started to really appreciate days which were only in the high 20's. We recognize how dangerous situations like that can be and feel for anyone who ended up in medical distress because of the high temperatures.

Getting Back to Basics

Recessions, stock-market declines, housing market bubbles, joblessness and, most recently, a global pandemic have created a series of challenges for people trying to start, grow or maintain a retirement savings plan. Given this rollercoaster, it's natural to wonder if you're doing all you can to protect your retirement nest egg. Taking a “back to basics” approach can empower you and help keep your financial plan on track during uncertain economic times and beyond.

Mortgage Insurance: Not Necessarily as Advertised

It's all part of the process when you are arranging a mortgage for your new home. The bank employee inevitably asks if you would like to purchase mortgage insurance. No one likes to think about their own mortality; however, we all know deep down that stuff happens. People contract terminal illnesses or suffer debilitating or fatal accidents.

Tax Planning for Severance Packages

Over the past year, economic stresses worldwide have resulted in many employees receiving severance packages and being advised that their services are no longer required. The longer you've been employed with an organization, the higher your severance package will be. With the national job market still experiencing varying levels of stress, it is more important than ever to hang on to as much money from an employment severance settlement as possible.

Fingers Crossed About The Summer

After a very tough couple of months, things here in Alberta are starting to feel pretty good again. While the weather has been hit or miss, Natalie and I have got our girls outside every chance we get. They are having fun riding their bikes around the neighbourhood and seeing their cousins and some friends at parks. We've spent the last fifteen months trying to support our community and our local restaurants. Granted, this has meant ordering in a lot more than we had done in the past, but we think it's been worth it!

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