August 3, 2023
Have you named a trusted contact person?
"The Canadian Securities Administrators, an umbrella organization of provincial and territorial securities regulators, introduced a measure two years ago to help protect investors’ financial interests. Investors could give their advisor the name of a “trusted contact person..."
July 27, 2023
Ways to save for a child’s education
"A Registered Education Savings Plan (RESP) is widely acknowledged as the number one way to save for a child’s education. However, many Canadians use an RESP as the foundation and complement the plan with another investment vehicle..."
July 21, 2023
When you retire, financial literacy expands
"Wealth planning doesn’t retire when you do—it just changes. Now financial life is largely about making the most of the wealth you’ve accumulated. You’ll be learning about new rules, products and strategies that involve a broad range of financial considerations..."
July 11, 2023
Transferring the family vacation property: now or later?
“Across the country, a vacation property may be known as a cottage, cabin, chalet or camp. One thing they all share is a looming tax liability…”
June 30, 2023
What is the significance of investing?
“Typically, we earn our money through working at a job that gives us a wage. However, a second way to earn money is through investing...”
June 20, 2023
Is downsizing the right decision?
“When retirement is on the horizon or you’re already retired, you may start to think about downsizing. Often, it’s a difficult decision that involves considering a variety of financial, psychological and practical factors…”
June 13, 2023
What is liquidity?
“In the financial world, we can use the word liquidity to refer to our ability to rapidly obtain our money when we need it. Liquidity can be cash that you can use immediately, a backup savings account or chequing account containing ready-to-access funds, and more…”
June 2, 2023
What is a cash flow statement?
“For an organization, a cash flow statement is a useful instrument that can be used to assess a company’s performance…”
April 21, 2023
Should you co-sign a loan?
“If anyone asks you to co-sign a loan, it’s not a decision to take lightly. You would be obligated to make any payments your family member or friend misses. In fact, you would be legally responsible for the entire loan amount..."
April 14, 2023
Spring clean your beneficiary choices
"Say that the holder of a Registered Retirement Savings Plan (RRSP) names their spouse as the beneficiary. Later, the couple divorces. The RRSP holder removes their ex-spouse from their will. However, with all the activity surrounding the divorce, they neglect to change the RRSP beneficiary designation from their ex-spouse to their child…”