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It's Your Money

2021 economic outlook

Jan 11, 2021 / 6:00 am

As we head into a new year, many wonder what is in store for markets. 2020 brought a major market pullback in the spring, but then an equally strong and quick...

Don't let greed guide you

Jan 4, 2021 / 6:00 am

The new year typically brings the same investment timing questions each and every year: Should I wait until the end of February deadline before putting my...

Resolve to save more

Dec 28, 2020 / 6:00 am

There are only four days left until the new year and I’m sure most of us are excited to put 2020 behind us. But as different as this past year has been,...

Retirees need equities

Dec 21, 2020 / 6:00 am

For those soon to retire or already retired, market volatility and emotions are their two worst enemies when combined. They are fearful of their retirement...

Failing marshmallow test

Dec 14, 2020 / 6:00 am

Should you wait to take CPP? Have you ever heard of the marshmallow test? It was a study led by a Stanford professor back in the 1970s on delayed gratification....

Economic statement update

Dec 7, 2020 / 6:00 am

Last week, the federal government presented their long-anticipated Fall Economic Statement 2020. While many of these proposals are not yet enacted into law, we...

Shattering TFSA myths

Nov 30, 2020 / 6:00 am

Last week, the 2021 Tax Free Savings Account (TFSA) contribution limit was officially release at $6,000 – the same amount set in 2019 and 2020. With the...

Your debt won't disappear

Nov 23, 2020 / 6:00 am

When it comes to their finances, it appears some Canadians are simply giving up and waiting for a miracle. Credit Canada commissioned a recent Angus Reid study...

A week to celebrate

Nov 16, 2020 / 6:00 am

It’s finally here – the week that you wait for all year. Financial Planning Week 2020! OK, so maybe some of you aren’t as excited as I am, but...

Election's economic fallout

Nov 9, 2020 / 6:00 am

As I write this, they are still counting ballots south of the border, but I have confidence that by the time you read my column it will be announced that Joe...

Virus wreaks money woes

Nov 2, 2020 / 9:43 am

The COVID pandemic has left nearly one third of Canadians in a situation so dire that they feel they will never recover from it financially. That is according...

Credit mistakes to avoid

Oct 26, 2020 / 6:00 am

Small credit mistakes, like paying off your credit card a few days late, aren’t a big deal. You pay a small penalty or a bit of interest and carry on as...

Donate your life insurance

Oct 19, 2020 / 6:00 am

There comes a time when some people don’t need their permanent life insurance policies any more. If your children are grown or you have no heirs and you...

Portfolio safe after election

Oct 12, 2020 / 6:00 am

I’ve been putting off writing about the U.S. election, but don’t think it’s fair to do so any longer. Just like four years ago, the single...

Tax hike is inevitable

Oct 5, 2020 / 6:00 am

Whether you want to believe it, taxes in Canada are going to go up and you should start planning for the inevitable now. There is no way our government can do...

Planning for final expense

Sep 28, 2020 / 6:00 am

None of us are exempt from death, but there are things you can do now to make this difficult time a little bit easier for your loved ones. One step you can take...

Stop money leaks

Sep 21, 2020 / 6:00 am

Every time you choose to spend (or not spend) money, you have a chance to improve your financial well-being. For example, spending $60 a month on a membership...

Mortgage 'vacation' ending

Sep 14, 2020 / 6:00 am

The six-month “vacation” that many Canadians took from their mortgage and other debt obligations is coming to an end. It has been a little over six...

Tough year for students

Sep 7, 2020 / 6:00 am

In a typical year, many post-secondary students would have spent their summer saving up for school expenses. But COVID related lockdowns have affected the...

Ignore market; stick to plan

Aug 31, 2020 / 6:00 am

When the global financial crisis hit in 2008, many people close to or in retirement suddenly felt unsure of their ability to maintain their lifestyle after...

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