It's Your Money

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...

Are you buried in debt?

Apr 29, 2019 / 6:00 am

Canadians are broke and yet they keep on spending. Almost half our population is on the brink of insolvency and our mounting debt loads are unsustainable. While...

Don't want life insurance?

Apr 22, 2019 / 6:00 am

Is there something stopping you from protecting your loved ones? Have you convinced yourself that you really don’t need life insurance? Maybe you’re...

Avoid CRA scrutiny

Apr 15, 2019 / 6:00 am

Receiving a letter from the CRA that you’ve been selected for an audit is one piece of mail that absolutely nobody wants. As we come into the final...

Tax tips for all stages of life

Apr 8, 2019 / 6:00 am

There is only three weeks left until the tax-filing deadline, yet I haven’t even started to put my own tax file together to send off to our accountant....

Give gift of financial literacy

Apr 1, 2019 / 6:00 am

Many grandparents I know have discovered the value of providing a financial gift such as an RESP contribution to their grandchildren instead of another toy that...

5 ways not to get rich

Mar 25, 2019 / 6:00 am

Want to avoid becoming (or staying) rich? Good news! It’s simple! Just follow these five foolproof rules and you’ll be well on your way to the...

Tax-filing myths, 3

Mar 18, 2019 / 6:00 am

With the tax filing deadline fast approaching, I have devoted my columns over the past few weeks to clear up common tax filing myths. In the final column of...

Tax-filing myths, 2

Mar 11, 2019 / 6:00 am

Last week, I wrote the first in a series of columns attempting to clear up common tax-filing myths. In the second of this three-part series, I am going to look...

Tax myths exposed

Mar 4, 2019 / 6:00 am

The personal tax filing deadline is fast approaching, and I thought I’d take the next few weeks to dispel a couple of the most common tax myths that have...


Feb 25, 2019 / 6:00 am

There are only five days (including today) left to get your RRSP contributions in and save on some taxes. If your RRSP money isn’t in by market close on...

Save money, defer taxes

Feb 18, 2019 / 6:00 am

BC Assessment recently sent out their annual assessment notices and your annual property tax bill will be arriving soon. When your tax notice arrives, take a...

Tips for happy retirement

Feb 11, 2019 / 6:00 am

Hey, retirees – are you maximizing your retirement income and minimizing your taxes? If you’re like most retired Canadians, you probably...

RRSPs still misunderstood

Feb 4, 2019 / 6:00 am

Every year, when RRSP season rolls around I question whether I should dedicate another column to this same topic. Surely by now, everyone knows how RRSPs work,...

Steps to financial freedom

Jan 28, 2019 / 6:00 am

With Canadian debt loads out of control and many more people closer than ever to insolvency, it’s time to start taking your finances more seriously. So...