When's the best time to invest? The year that just ended demonstrates how different investors can react to the same market conditions. Starting in early 2021 and well into summer months, stock markets surged overall. some people wondered if they should boost their...

HOW DID YOU REACT TO MARKET VOLATILITY? When your investment program was established, you answered questions that helped determine how much risk you were able to tolerate. You had to imagine how you would react to a significant loss in portfolio value. But imagination...

Couples receiving pension income have two possible options to adjust their taxable incomes and reduce their total taxes. Pension income splitting One option is pension income splitting where spouses can, jointly elect to report up to 50% of their spouse’s...

Should a retirement plan include your home? When your home represents a sizable portion of your net worth, you might wonder if downsizing would give you a more comfortable retirement. It’s a decision that not only involves financial planning, but practical and...

You’re a few years from retirement, or even five to 10 years away, and the worst case scenario passes through your mind. What if the stock markets plummet and drag down your nest egg, putting your retirement plan in jeopardy?Not terribly long ago, the solution to this...

According to the 2016 census, one in five Canadians aged 65 and over were working, with 30% of this group working full time. Some continued in their regular jobs, while others became consultants, entrepreneurs and new business owners. Although many seniors work...

Imagine a $1 million estate including $200,000 of stocks in a non-registered account, a $300,000 Registered Retirement Income Fund (RRIF) and vacation property valued at $500,000. But it’s not $1 million to the heirs. There’s a $100,000 capital gain on the stocks and...

Most people are familiar with the Old Age Security (OAS) clawback, which reduces the OAS benefit by 15% for every dollar of net income above $77,580 for the 2019 income year. The payment is fully eliminated when net income reaches $125,696. Minimizing the OAS...

When life changes, so do financial plans Life is what happens to you while you’re making other plans, the saying goes. We just never know when the unexpected may happen. Here are four scenarios that look at various life changes and how financial plans adapt to...

The modern business world could always use more decent, professional, and knowledgeable mentors, but do you have what it takes to truly be the next one? It’s important to take the time to consider the way you work and interact with others, for it’s not just about how...