Financial Library

Year-End Tax Planning Ideas

Posted on: November 11, 2024

The following are some ideas for individuals and business owners to reduce income taxes as 2024 draws to a close.

Individuals should consider doing their RRSP contributions before the RRSP rush in the first 60 days of 2025. You can get better values by buying today than when all the last minute procrastinators rush to buy their RRSPs in the New Year and temporarily push up market values.

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tax planning

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Bad Excuses for Putting Off Investing

Posted on: November 11, 2024

Recent college or university graduates with their first career job have an understandable itch to spend money after years of living on Kraft Dinner.

Yet this is the ideal time in life to start developing the correct habits that will lead to a comfortable future lifestyle. But we often hear reasons why now is not the right time to get started.

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investment planning

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Weighing the Cost of Your Retirement Dreams

Posted on: November 11, 2024

We all know how easy it is to romanticize our retirement years. Many of us make lengthy lists of things we will do and experience in those golden years. We have little doubt about our ability to enjoy the perfect blend of leisure and excitement, which is what makes the very idea of retirement seem so priceless. However, it would be a mistake to equate "priceless" with "cost-free!"

Those golden years might cost you more than you think. Are you prepared for those costs?

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retirement planning

retirement

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Market Highs vs Your Goals

Posted on: October 7, 2024

As Canadian and US stock market indexes hit new highs this year, many investors began expressing anxiety about a possible ‘correction’. Financial media personalities have also been speculating about the timing of correction from these recent market highs – following a strong run over the past year.

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investment planning

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Why Time Matters

Posted on: September 9, 2024

It is not uncommon for an individual or organization, such as a charity or community tennis club, to consult a financial advisor regarding investment returns that can be generated on some spare cash that is not needed in the immediate future.

Tags:

GICs

investment

investment planning

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Passing it on to Your Heirs

Posted on: September 9, 2024

Ralph and Mary have accumulated a nice estate, a good portion of it in cash. They want to leave it all to their children when they die, but they also want to do something for them today. Being part of the Savings Generation, they are reluctant to give large sums to their kids today, as they are part of the Spending Generation. Ralph and Mary also want to treat their children as fairly as possible.

When someone dies, their estate falls into three basic categories:

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estate planning

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