A wealth plan identifies your life goals and provides you with a personalized wealth management strategy to meet your financial milestones and achieve each objective. However, a wealth plan isn’t something you set and forget.

Find money-saving opportunities this tax season

Every year, inevitably, April 30 rolls around. In the weeks leading up to the personal income tax return filing deadline, many across Canada brace themselves for the ordeal of getting their financial paperwork in order. Few enjoy the process of preparing to file their taxes. But what may seem like a chore is also an excellent prompt to discover tax-saving strategies that can help you this year and in years to come.

Do you check your bank and credit card transactions

Recently, a British Columbia resident discovered they had unknowingly been paying another person’s cell phone bill for five years. That’s the sort of false charge that could have been caught and stopped immediately by regularly monitoring transactions.

Take advantage of family and caregiving benefits

When you raise a child or help support a dependent family member, you’re sure to face extra costs. Here are some common family and caregiving situations and associated benefits from the federal government that can help you meet your financial needs.

Making the most of a First Home Savings Account

Months after the federal government launched the First Home Savings Account (FHSA), more than 20 financial institutions are offering FHSAs, and Canadians are opening accounts by the tens of thousands.

If you have a child or grandchild eligible for an FHSA, here are some strategies and considerations to help with your and their decisions.

Wealth planning is different when you’re single

According to Statistics Canada, the number of Canadians living alone has reached a record high. In fact, the one-person household is the most common household type.

Financial life is different for singles compared to families or couples without children. Here are some of the ways singles can plan for those differences.

Is an RRSP still worthwhile?

There’s a myth that surfaces every once in a while. It suggests a Registered Retirement Savings Plan (RRSP) isn’t worthwhile because of the tax on eventual withdrawals.

Everyone needs an emergency fund—here’s how to build yours

An emergency fund is a core part of every financial plan. It’s easily accessible money you can draw on to cover a period of unemployment, repairs to your home, major appliances or car, or any other unexpected essential expense. With Canada’s economy slowing and prices continuing to rise, this type of “just in case” or “rainy day” fund is more important than ever.

Ways to give to grandchildren

Giving a financial gift to a grandchild can be tremendously satisfying, knowing you’re helping to make a difference in a loved one’s life. The first step is choosing when to make a gift.

Your Pre-Trip Financial To-Do List

Planning a trip? Here’s your financial to-do list

Swimsuit, sunglasses, sandals, t-shirts, shorts. Toss them in a suitcase and you’re ready to head to a sun destination. Or are you? Take care of these five financial tasks to avoid money problems while you’re away or when you get home.