October 4, 2022
Managing your RRIF withdrawals effectively
Each year, you’re required to make a minimum Registered Retirement Income Fund (RRIF) withdrawal, calculated as a percentage of your RRIF assets. The percentage is based on your age, and it increases each year. Every withdrawal is taxed as regular income, but several strategies can help reduce the impact of the tax liability…
September 29, 2022
Prepare your children for financial responsibility
Financial literacy month—November, in Canada— is just around the corner. We have reason to be proud: Canadian youth rank among the top in the world for financial literacy. Every three years, the Programme for International Student Assessment (PISA) conducts a survey among 15-year-old students in 20 countries. In the most recent results, Canada tied for second place…
September 22, 2022
Ever get emotional about your investments?
“Often, it’s wise to trust our emotions, but something strange happens when it comes to investing. When markets soar, our emotions try to sway us to buy high, and when markets fall, our emotional response is to want to sell—the opposite of the “buy low, sell high” investment ideal…”
September 16, 2022
In the world of investing, time is your friend
“When you think of how time helps you achieve investment objectives, the first thing that comes to mind may be compound growth. You make an investment, reinvest your returns year after year, and continue to earn returns on both your original contribution and all of the accumulated returns. Given enough time, the value of the growth can exceed that of your original investment…
September 9, 2022
Markets rallied in July contrary to most investors expectations
“Markets have been volatile and recently bottomed amid bearish sentiments. The S&P 500 Index fell to 3667 on June 16th and subsequently rallied back to 4130 at the end of July. So, what happened between June 16th and July 31st to drive such a significant shift?…”
September 2, 2022
How to make tax-smart RESP withdrawals
“When it’s time to withdraw funds from a Registered Education Savings Plan (RESP), tax planning may be involved. It’s all because an RESP is composed of two pools of money, one taxable and one non-taxable – and you choose the pool for each withdrawal…”
August 26, 2022
What’s After the Storm?
“When the markets are choppy, it’s easy to get distracted by each new wave of information. But rather than getting caught up in the storm we should be looking to the horizon for what’s coming next...”
August 19, 2022
Time for an RESP Checkup?
“Set it and forget it. That’s an easy trap to fall into after opening a Registered Education Savings Plan (RESP). Simply choose your investments, make regular contributions – being sure to trigger the maximum annual Canada Education Savings Grant (CESG) – and watch your investments grow…”
August 10, 2022
“I Stopped Buying 3 Things and Saved $5,000”
"This single mom made a few simple budget cuts and saved almost $5,500 in eight months. It wasn't easy, but the sacrifices were worth the payoff...”
July 28, 2022
Staying the Course – a Message from Spire Advisors of Assante Capital Management Ltd.
The following is an analogy shared with us by one of the members of the EdgePoint investment team concerning volatile markets. We believe it serves as a great reminder to the many of us that are feeling tossed around by the market during this time, that the best course of action is to stay the course…