Each loyalty program has its own rules about whether points can be transferred to a beneficiary, so check your programs’ policies. When allowed, list the loyalty program in your will and name the beneficiary of the points. Also, provide your executor with each loyalty program’s login information.

The day may come when your parents find it more difficult to take care of their financial matters. Your help can make a difference, whether it’s in the form of your time, advice or financial assistance.

Good credit is important whenever you need to borrow to accomplish your goals—say, to buy a car, start a new business or put a downpayment on a home. So, how can you keep your credit score with Canada’s credit bureaus (Equifax and TransUnion) healthy, so your loans get approved at the best possible rate?

It’s called the retirement risk zone—the period of several years before your retirement date and the initial years of your retirement. The risk is a severe market downturn and its impact on your retirement savings.

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.