Recent Articles

Storyline Investing

Posted on August 9, 2021

The point of the headline is to distinguish what kind of investor you are. Do you follow storylines as described in the media headlines, or do you rely upon numbers and data to build your wealth and achieve financial independence?

Tags:

investments

Read more about Storyline Investing

The Power of Compound Interest

Posted on August 9, 2021

“Money makes money. And the money that money makes, makes more money.”¹ This quote by Benjamin Franklin is referencing the power of compound interest. Albert Einstein extolled the wealth-building virtues of compound interest as well. He is reputed as saying he considered it to be man's greatest invention and the eighth wonder of the world.² A much simpler way to describe compound interest is that it is an excellent way to watch your investments grow exponentially over time.

Tags:

investment

Read more about The Power of Compound Interest

Protecting Your Financial Well-Being Post-Divorce

Posted on August 9, 2021

"After 38 years of marriage, I was blindsided when my husband asked me for a divorce," says Patricia, 61. "I didn't see it coming and was shocked at how fast and efficiently he left the life we had built together."

Tags:

divorce

Read more about Protecting Your Financial Well-Being Post-Divorce

TFSA Notices And Penalty Risks

Posted on July 12, 2021

The latest Federal Budget included an administrative rule change¹ that allows CRA to automatically send you notices electronically without your prior permission or registration. The risk, as noted in the recent case of a B.C. taxpayer, is this may lead to penalties for TFSA over contributions. It is your responsibility now to regularly check your CRA My Account site.

Tags:

tfsa

cra

Read more about TFSA Notices And Penalty Risks

Getting Back to Basics

Posted on July 12, 2021

Recessions, stock-market declines, housing market bubbles, joblessness and, most recently, a global pandemic have created a series of challenges for people trying to start, grow or maintain a retirement savings plan. Given this rollercoaster, it's natural to wonder if you're doing all you can to protect your retirement nest egg. Taking a “back to basics” approach can empower you and help keep your financial plan on track during uncertain economic times and beyond.

Tags:

retirement planning

Read more about Getting Back to Basics

Be Careful with RRSP Beneficiary Designations

Posted on July 12, 2021

When Margaret and James married in 2005, it was a second marriage for both of them. They had no children, so when they did their financial planning, their wills were clear that 100% of their estates would go to the other. Believing this was sufficient protection, they built a life and continued to grow their wealth.

Tags:

rrsp