Financial Library

What's Your Investing Personality?

Posted on: May 10, 2021

Just as each of us is unique as a person, we also have a distinct investing personality. One isn't better or worse than the other, but understanding "who” you are as an investor is helpful, no matter your circumstances, or how much money you have to invest. While it's a complex matter that depends on various factors, exploring the questions below may give you some preliminary insight into your investing personality.

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investment planning

The Power of You

Posted on: May 10, 2021

The key financial planning lesson that Covid-19 has taught us all, is that no matter how many planning scenarios a person considers, it is extremely difficult to get it perfectly right!

Covid has impacted Canadians' ability to hold, build and keep cash reserves. For many, it has affected their ability to work and earn a living, and for many small business owners, it has threatened their very survival. No matter how much planning small business owners did before the pandemic hit, very few set aside enough capital reserves for 12 months or more.

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financial strategy

Fake News about Life Insurance

Posted on: May 10, 2021

Throughout the last twelve to fourteen months we've heard a lot of unfounded claims regarding COVID-19 and Insurance Applications. Initially, people worried that Insurance Companies may not issue certain types of policies with a new virus spreading around the World. While some kinds of coverage did become more difficult to get during the pandemic, Canadian Insurers created new COVID-19 Questionnaires to make sure that they were properly assessing risks.

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life insurance

The Many Benefits of RESPs

Posted on: May 10, 2021

As busy parents, just meeting your family's needs each day can eclipse thoughts of the future. Add to that juggling act the cost of running a home, daycare, mortgage and car payments, and it's easy to see how setting funds aside for a child's future education can become something you'll "do later" when you have the time and money.

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resp
education planning

Tax Deadline Quickly Approaching

Posted on: April 12, 2021

I'm sure no-one wants to be reminded that their Income Tax Return needs to be filed after such a tough twelve months. That deadline is approaching though so it's very important that you have all your T-Slips and RRSP Contribution Receipts rounded up. For anyone with a Non-Registered Investment Loan, you'll want to use your Statement of Interest to write off any eligible Interest Expenses.

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tax

Preparing for Retirement? Learn How RRIFs Work

Posted on: April 12, 2021

If you've been contributing to a pension or Registered Retirement Savings Plan (RRSP) and retirement or your 71st birthday is around the corner, you're required to convert that nest egg into a Registered Retirement Income Fund (RRIF). This benefits you because an RRIF allows you to withdraw savings as income while still letting you grow your investments and minimize taxes.

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retirement planning

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