Financial Library

Gifts That Keep On Giving

Posted on: December 13, 2021

It's that time of year when wish lists for gifts are circulating. Before purchasing that iPad, game system, e-bike or leather jacket, consider a gift that will keep giving well into the future.

Tags: 
estate planning

Healthy, Wealthy and Wise

Posted on: November 8, 2021

According to the Financial Consumer Agency of Canada1, good health is determined by mental, physical, and financial wellness. In other words: mind, body, and money. Physical and mental health makes sense, but what is financial wellness?

Financial wellness doesn’t necessarily mean you have millions of dollars invested, although you’ve achieved an admirable goal if you do. While it’s not about the balance in your savings account, financial wellness means you’re feeling good about the relationship you have with money, including:

Tags: 
investment planning

Financial Advice for New and Expecting Parents

Posted on: November 8, 2021

Whether you're expecting a child, planning to have one soon or have just become a new parent, you're about to embark on one of the most rewarding journeys that life has to offer. It's also one of the most expensive: an average of $12,500 per year until age 18.1. That's $225,000 per child, and it doesn't include the cost of post-secondary education. Planning for this is one way to be the best parent you can be.

Tags: 
investment planning

Optimizing Your RRIF

Posted on: November 8, 2021

Registered Retirement Income Funds (RRIFs) are one method of drawing an income from Registered Retirement Savings Plans (RRSPs) in retirement. There are a few things to consider to get the best value from your retirement savings with RRIFs.

For many Canadians, RRSP savings will be the major source of their retirement income. The main concern for most is the risk of outliving their money. Another priority for many retirees is minimizing income taxes.

Tags: 
retirement planning

Should you protect yourself with Mortgage Insurance?

Posted on: October 11, 2021

It is very easy to get caught up in the decision to add mortgage insurance when signing for your mortgage. It is an emotional time, and you want to be protected. A couple quick questions, and APPROVED…, but are you really? What are your options?

Private life insurance is the other option, and, in my opinion, a smarter option. Let me explain…

There are a few glaring differences that should be understood when differentiating between mortgage life insurance and private life insurance.

Moving Your Employer Pension Between Jobs

Posted on: October 11, 2021

As the pandemic slowly recedes, work-life balance trends emerge. A recent Angus Reid survey revealed that 19% of Canadians would quit or look for a new job if required to return to the office. 25% of survey participants stated they would look for new employment after returning to office.

Tags: 
pension

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