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It's Your Money

Money lessons for your teen

Sep 16, 2019 / 6:00 am

In last week’s column, I wrote about the general lack of financial literacy in our youth and the almost complete absence of teaching these skills in our...

Teach your kids money

Sep 9, 2019 / 6:00 am

Kids went back to school last week, but unfortunately there is still a gaping hole in the curriculum that they will be taught. Financial literacy is arguably...

Exceptions to the rule

Sep 2, 2019 / 6:00 am

While regular monthly contributions to a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP) typically makes sense, those carrying...

Don't do anything at all

Aug 26, 2019 / 8:33 am

I saw something in the news last week about a $60 million lottery prize being claimed in Vancouver and it got me thinking how quickly a big windfall can vanish...

Save money on insurance

Aug 19, 2019 / 6:00 am

Whether it’s being used to protect against lost income, business debts, a mortgage or any number of other reasons, most Canadians will require life...

Paying for university

Aug 12, 2019 / 6:00 am

Should you pay for your child’s university education? If you have the resources to do so, many parents simply assume that it’s the right thing to...

Too good to be true?

Aug 5, 2019 / 6:00 am

People regularly ask me about a piece of investment advertising material they’ve come across that seems too good to be true. Before I even look at what...

2 main priorities

Jul 29, 2019 / 6:00 am

Two of the main priorities for many retirees are to: make sure their retirement income is sustainable second pass on a legacy to their children or other...

Grab that $384,000

Jul 22, 2019 / 6:00 am

There is a simple mistake that can cost you $384,000 but is easy to avoid. That mistake is not being aggressive enough with your investment savings. While I...

Say yes to free money

Jul 15, 2019 / 6:00 am

A surprisingly high number of Canadians are giving up free money. Not just a little bit of free money either, we’re talking billions of dollars per year....

Retire as a millionaire

Jul 8, 2019 / 6:00 am

Reaching that goal may sound like a far-off dream but it’s more attainable than you might think. While not always easy, following these eight steps can go...

Kids cost you a fortune

Jul 1, 2019 / 6:00 am

Kids cost a lot more money than most Canadians think. A recent study found that the average Canadian parents will shell out approximately $255,000 on each child...

Time to have the talk

Jun 24, 2019 / 6:00 am

Have you and your spouse had “the talk” lately? Money is a tough subject to discuss for most people and they simply don’t seem willing or able...

Do it for your family

Jun 17, 2019 / 6:00 am

There are far too many Canadians without adequate life insurance coverage. Some have the wrong type of insurance others don’t have enough many simply...

RRSPs not for everyone

Jun 10, 2019 / 6:00 am

Many financial authors including myself have put out countless articles on the benefits of a Registered Retirement Savings Plan (RRSP) and told you over and...

True cost of care

Jun 3, 2019 / 6:00 am

At some point, many older people will need additional care as time passes and their health declines. This care, and often the associated costs that come with...

Planning a home reno

May 27, 2019 / 6:00 am

People choose to renovate their homes for a number of reasons to: enhance and refresh create additional space increase energy efficiency boost the resale...

Spring clean your finances

May 20, 2019 / 6:00 am

With winter behind us, many are taking part in their annual spring-cleaning rituals. Time to clean out the garage, freshen up the garden and maybe even hold a...

Outliving your savings

May 13, 2019 / 6:00 am

The average life expectancy for a Canadian is just over 82 years. For those who make it to age 65, your updated life expectancy is around age 85. While...

Income-tax windfall ideas

May 6, 2019 / 6:00 am

If you’re like most Canadians out there, you probably waited until the last minute to file this year’s tax return. If so, it was sent off sometime...

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