https://youtu.be/p34m8nw7Azw We often see clients looking to make contributions to their RRSPs in order to save on taxes and plan for their future retirement. This was the case for two clients of ours, Megan and Mark, who were interested in making a contribution using funds from their non-registered account. One of the key factors that […]
https://www.youtube.com/watch?v=mSqKKg7zWTQ When you leave an inheritance to your loved ones, you intend to give each person some welcome help in meeting their financial and life goals. No one wants an inheritance to cause discord among the beneficiaries. Unfortunately, that can happen in certain situations if plans aren’t shared with beneficiaries in advance. By communicating your […]
Ever since the Tax-Free Savings Account (TFSA) was launched in 2009, many Canadians have used it as a general savings account. However, to make the most of a TFSA, it should be targeted to reach a specific financial goal. Only when you identify a goal can you align your TFSA investments with your financial objective, […]
https://youtu.be/eETB1fSWIWA If someone suffers a cognitive decline and loses their ability to manage their financial affairs, it’s a common misconception that a loved one can automatically step in and take over. That’s only the case when the person in need has made a power of attorney for property. The “power of attorney” is the legal […]
https://youtu.be/n6B67lKmFi0 If you were to imagine someone establishing a trust, you may picture an individual leaving their hilltop mansion and being driven by their chauffeur to stately law offices visited only by the rich and famous. In reality, a trust can be used by just about anyone to meet a variety of estate planning needs. […]
https://youtu.be/8TADLzYoeE8 Often, it’s wise to trust our emotions, but something strange happens when it comes to investing and making a claim. 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. The chart […]
Short-Term Pain, Long-Term Gain The October U.S. CPI, as reported at an annualized rate below 4%, leads to some hope that the Fed’s hiking has been effective, and rates are close to terminal. Investors have re-priced terminal Fed Funds rates throughout the year, from as low as 2% to most recently 5%. The current CPI […]
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. Use your […]
The Bank of Canada and US Federal Reserve hiked interest rates this year. Many hoped that this aggressive move would cool inflation. However, this did not prove to be the case. So why haven’t higher rates done enough to fight inflation, and what’s expected in the months to come? The Results of Aggressive Interest Rate […]
When markets are volatile, it’s natural to be worried about the impact on your portfolio. When you’re worried, you want to take action. However, it’s important to recognize that sometimes the best course of action may be to do nothing. If you have a sound investment plan, you already may be in the best possible […]
