It's Your Money
Explaining the impact of rising the U.S. debt ceiling
The approval of the debt ceiling increase in the U.S. has been capturing headlines over the past few weeks, and as I write this (on Friday June 2) we just heard...
Retirement planning for the self-employed
Retirement planning is crucial for everyone, regardless of their employment status. But for self-employed individuals, the responsibility of planning for...
The intricacies of socially responsible investing
In recent years, Canadians have increasingly embraced the concept of socially responsible investing (SRI) as a means to align their investment decisions with...
Protection against the rising cost of long term care
As inflation rates continue to increase, individuals are becoming more and more concerned about the rising costs of everyday life. But one rising cost that...
Financial lessons for your children
Teaching kids about money is one of the most valuable lessons we can impart on them. It is crucial to help them understand the value of money and how to manage...
Deferring your inheritance
Inheritance can be a complex and sensitive matter, and it’s important to ensure that your assets are distributed in accordance with your wishes after you...
Why employer matched retirement plans are a good option
There are many Canadians who are struggling to make ends meet right now and the idea of putting money aside for their retirement might seem like an impossible...
Taking a closer look at insured annuities
In last week’s column, I talked about annuities and the reason why many people should give them a second look now that interest rates have risen so much....
Annuities deserve a second look
Canadians looking for stable retirement income should consider annuities again now that interest rates are higher. An annuity is an investment product that...
Dealing with rental income on your tax return
A recent stats Canada report noted that almost 1.4 million Canadian households have property rental income. As a landlord, it is crucial to ensure that you are...
Tips to handle the impact of inflation
Inflation has become a big concern for Canadians, as it appears it will be here for the long-term. The Bank of Canada has projected inflation will remain above...
Spring is a good time to clean up your finances
Spring is a time for fresh starts, making it the perfect season to tackle the clutter in your home - and in your finances. Just like you straighten up your home...
Why getting a tax return is not what you want to do
You may think that receiving a tax refund is a good thing. After all, you're getting some money back, right? However, getting a tax refund is not something...
Tips to be ready for tax time
As tax season approaches, Canadians should start preparing their paperwork and finances to ensure that they file their taxes accurately and on time. Filing...
Risks of naming your children as beneficiaries
Naming your children as beneficiaries to investment accounts can be a tempting option for many Canadians. It seems like a straight forward way to ensure your...
Reasons to invest in RRSP before March 1 deadline
As the deadline for contributing to Registered Retirement Savings Plan (RRSP) accounts approaches, many Canadians are considering the benefits of contributing...
Life insurance is not just for older people
Life insurance is an important aspect of ensuring your financial wellbeing – but it is something that many (most?) people in their 20s don’t think...
Preparing for parental leave
Taking a parental leave can be a wonderful experience for new parents, but it can also be a financially challenging time. In Canada, the government offers some...
Finding yourself in debt for the first time
If you find yourself in debt for the first time, it can be a stressful and overwhelming experience. However, there are steps you can take to get back on track...
Start the new year right when it comes to your finances
The start of a new year is a perfect time to set financial goals and create a plan to achieve them. Whether you want to save for a down payment on a house, pay...