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It's Your Money

Is a prescribed rate loan right for you?

Is a prescribed rate loan right for you?

May 16, 2022 / 4:00 am

Prescribed rate loans can be an excellent financial planning tool for many Canadians. And while I’ve written about these before in the past, the rising...

When to use a Home Equity Line Of Credit

When to use a Home Equity Line Of Credit

May 9, 2022 / 4:00 am

Canadians love to use home equity lines of credit (HELOCs). In 2021, the amount of money Canadians owed to HELOCs had risen to just over $260 billion. These...

Tips for Canadians selling property in the U.S.

Tips for Canadians selling property in the U.S.

May 2, 2022 / 4:00 am

With U.S. real estate values rising in recent years, more Canadians are looking to lock in their gain by selling their U.S. vacation property. Many people are...

Dealing with dementia and its impact on one's finances

Dealing with dementia and its impact on one's finances

Apr 25, 2022 / 4:00 am

If your mom suddenly drains her bank account or your dad stops paying his bills, should you be worried? Yes – but not necessarily for the reasons you...

Avoiding the withholding tax on RRSP withdrawals

Avoiding the withholding tax on RRSP withdrawals

Apr 18, 2022 / 4:00 am

In general, when you withdraw money from your RRSP, withholding taxes are deducted at source. Let’s take a look at how RRSP withholding taxes work and how...

Tax tips for U.S citizens living in Canada

Tax tips for U.S citizens living in Canada

Apr 11, 2022 / 4:00 am

If you are a U.S. citizen or U.S. green card holder who lives in Canada, you are subject to both Canadian and U.S. tax on your world-wide income. This exposure...

When it comes to finances, don't put all your eggs in one basket

When it comes to finances, don't put all your eggs in one basket

Apr 4, 2022 / 4:00 am

Many entrepreneurs are so focused on their business they don’t invest outside of their company. But they should. Many business owners have a lot, if not...

Getting a clear picture of your current financial position is a good start

Getting a clear picture of your current financial position is a good start

Mar 28, 2022 / 4:00 am

Learning to live within your means is one of the most essential life skills you truly need, but many Canadians fail to do so. While most who are not living...

Protect your financial information when travelling

Protect your financial information when travelling

Mar 14, 2022 / 4:00 am

There’s no doubt the Internet has made managing our finances extremely convenient. We can now carry out our banking and monitor our investments from a...

Interest rate hike should prompt a review of your financial plan

Interest rate hike should prompt a review of your financial plan

Mar 7, 2022 / 4:00 am

Interest rates have been near all-time lows for awhile now but that all changed on March 2 when the Bank of Canada (BoC) hiked its benchmark interest rate to...

Lots to be considered when passing on a business to family members

Lots to be considered when passing on a business to family members

Feb 28, 2022 / 4:00 am

Are you planning to sell your business or pass it down to family? If so, are you sure you’re ready? According to a family enterprise foundation report...

Important dates and forms to collect before filling you tax return

Important dates and forms to collect before filling you tax return

Feb 21, 2022 / 4:00 am

As you begin to get ready to prepare your 2021 tax return, I wanted to ensure you’re aware of important upcoming dates and what you need to compile so you...

Using an RRSP as a tax deduction tool

Using an RRSP as a tax deduction tool

Feb 7, 2022 / 4:00 am

Many people consider the Registered Retirement Savings Plan (RRSP) to be a must-have when it comes to saving for retirement. Almost six million Canadians...

The deadline for contributingto an RRSP is approaching

The deadline for contributingto an RRSP is approaching

Jan 31, 2022 / 4:00 am

RRSP season is upon us once again, but what does it mean, exactly? And why does it matter? You’ll no doubt have seen lots of ads lately, advising you to...

Planning now for an easier retirement later

Planning now for an easier retirement later

Jan 24, 2022 / 4:00 am

During your working years, you generally have clarity on your monthly income because it is automated and predictable. The process of planning for retirement...

Five retirement goals to discuss with your financial planner

Five retirement goals to discuss with your financial planner

Jan 17, 2022 / 4:00 am

Retirement is no longer a date on the calendar that marks the end of your career. If you are one of 2.5 million Canadians now in their 60s, you may be...

Ways to negotiate a better mortgage with your bank

Ways to negotiate a better mortgage with your bank

Jan 10, 2022 / 4:00 am

Did you know you might be able to negotiate a better mortgage rate with your bank? Most people mistakenly believe that when they receive their mortgage renewal...

Start new year with achievable financial resolutions

Start new year with achievable financial resolutions

Jan 3, 2022 / 4:00 am

Happy New Year. I wish everyone a happy, healthy and prosperous 2022!. I hope that this year brings us back to a little more normalcy and back to our...

A look ahead to what 2022 may have in store for investors

A look ahead to what 2022 may have in store for investors

Dec 27, 2021 / 4:00 am

I hope everyone is enjoying the holiday season this year and doing their best to spend time with loved ones as best they can with the current gathering and...

A guide to help you understand how GICs work

A guide to help you understand how GICs work

Dec 13, 2021 / 4:00 am

With interest rates close to historic lows, many investors are seeking out alternatives to government bonds and savings accounts, which are struggling to...

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