Tips to spring clean your ‘financial house’
The flowers are blooming and the birds are singing – Spring seems to have finally sprung. It’s a great time to start new and clean out those cobwebs hiding within each nook and cranny of our homes....
View ArticleWhat the heck is a recession?
What the heck is a recession? Well we now know that we are officially in one, so what the heck is it? In simple terms, a recession is when the economy stops growing and for the most part, starts going...
View Article3 financial ‘must do’s’ for 2011
If getting in better financial health is a goal for the coming year, start with ensuring these ‘3 essentials’ are in place 1. Have an up to date Will. It is important that everyone have a Will and...
View ArticleHow to Avoid Unnecessary Taxation to my RRSP or RRIF When I Die
Your registered funds are an important financial asset, and so it’s essential to understand what happens to them when you pass away. With proper estate planning there are ways that you can pass on your...
View ArticleTFSA 101: Tax-Free Savings Account Basics
A Tax-Free Savings Account (TFSA), is a great way to save for your financial goals throughout your lifetime. In your early years, a TFSA might be ideal to save for that down payment on your first home...
View ArticleWriting a Will: The Last (and Best) Gift You Can Leave Your Loved Ones
No one wants to spend much time thinking about the fact that are going to die someday, but whether we think about it or not, it will happen. Writing a will means that your property will be distributed...
View ArticleWhat is a Representation Agreement for Personal and Health Care Decisions?
When you think about end-of-life issues, what kinds of things come to mind? I bet one of them is what kinds of medical treatment you want to receive. Most of us have specific ideas about the kinds of...
View Article3 Reasons Your Pets Should Be Included in Your Will
Do you know who will take care of your pet if you should die? Most people just assume that a family member or friend will step in and will continue on with their care. The reality is that many animals...
View ArticleDo Your Kids Know Your Financial Advisor?
Even though we live in a more open society where many subjects which were previously considered off limits are now part of everyday conversation, finances are still something that many of us find...
View ArticleProceed with Caution When Considering Joint Tenancy for Financial Assets
Holding assets in a joint tenancy is very common, and it can make sense in some circumstances. When bank accounts, mutual funds, bonds, securities, and real estate are owned by a couple, the title is...
View ArticleWhy You Should Give Your Kids Their (At Least Some of) Their Inheritance...
Traditionally, an inheritance was a gift transferred to a child or grandchild after a person died. You don’t have to wait until you have passed to share some of your estate with your loved ones,...
View ArticleHow to Have Financial Conversations with Your Aging Parents
Having a will and a final plan in place is recommended as soon as we enter into adulthood. Or at the very least, when a major life event has occurred such as a marriage, birth of a child or maybe even...
View Article5 Ways to Survive Being in a Sandwich Generation
Are you part of a sandwich generation? If you’re feeling the strain of caring for your aging parents while trying to raise a family of your own, you’re not alone. Being part of a “Sandwich Generation”...
View ArticleRetirement? No Worries – I have my inheritance
If you’re betting on your inheritance for the retirement of your dreams, you might want to think again. While most beneficiaries assume that large sums of money may be coming their way, in reality it’s...
View Article7 Keys to Taking Control of Your Family’s Finances for the First Time
Are you a passenger when it comes to the family finances? With busy lives, household chores are often dived up to help families muddle through the chaos of daily life. That is why it is not uncommon...
View ArticleSudden Death Provision Part of Solid Financial Plan
No one wants to think about their own demise, much less losing their spouse, but it is a fact of life. We don’t always have time on our side to put our affairs in order in advance. Sudden death is an...
View ArticleGet Your Financial House in Order for 2013
Happy New Year! January 1 is a fresh start and for many of us, that means making some resolutions to take charge of our finances. Have you decided that this will be the year you will get your financial...
View ArticleHow to Make the Most out of Your RRSPs
Registered Retirement Savings Plans (RRSPs) are an important part of your overall financial strategy. They allow you to invest funds that will grow on a tax-free basis until they are withdrawn. To get...
View Article5 Questions You Should Ask Your Financial Advisor
How do you choose the right person to guide you in financial matters? Since the person you choose will be privy to some very personal information, you need to ask the right questions before you start a...
View ArticleFinancial Planning Checkup Time: Questions for your Financial Advisor
Last time we talked about the 5 questions you should be asking when pre-screening potential financial advisors to determine their ability to manage your family’s financial affairs. So now that you have...
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