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It's Your Money

Canadians need to diversify their investments more

Canadians need to diversify their investments more

Sep 19, 2022 / 4:00 am

Having a well-diversified portfolio means owning a wide variety of assets with the goal to reduce your overall portfolio risk. Having stocks in just a handful...

Building your estate planning dream team

Building your estate planning dream team

Sep 12, 2022 / 4:00 am

If you’ve never given much thought to your estate and how you want your possessions to be shared with family and loved ones, know that you’re not...

Tax efficient RESP withdrawals

Tax efficient RESP withdrawals

Sep 5, 2022 / 4:00 am

There’s no question a registered Education Savings Plan (RESP) is an important savings vehicle in an era when higher education is a valued commodity and...

Back-to-school-related tax deductions

Back-to-school-related tax deductions

Aug 29, 2022 / 4:00 am

As students begin to pay their tuition for the upcoming fall semester, it is important to know what fees and expenses can be deducted on this year’s tax...

What is your real risk tolerance?

What is your real risk tolerance?

Aug 22, 2022 / 4:00 am

Most investors know that risk and return go together. Generally, lower returns mean lower risk and vice versa. When it comes to acceptable levels of investment...

More on those unwise behavioural finance biases

More on those unwise behavioural finance biases

Aug 15, 2022 / 4:00 am

Behavioural finance biases are typically innocent but unwise ways that humans sabotage their own investment decisions. Last week, I explained the most common...

Behavioural finances biases

Behavioural finances biases

Aug 8, 2022 / 4:00 am

Investors can often behave in innocent but unwise ways that can derail even the best laid financial plans. These behavioural finance biases are part of the...

What is a low volatility fund?

What is a low volatility fund?

Aug 1, 2022 / 4:00 am

Recent stock market volatility has generated a new interest in adding low-volatility funds to peoples’ portfolios. The idea of low-volatility investing...

High interest rates costly

High interest rates costly

Jul 25, 2022 / 4:00 am

By now you’ve all heard a lot about rising interest rates, but the big question is – How do they really affect you? Interest rate rises are caused...

Should you take a lump-sum pension payout?

Should you take a lump-sum pension payout?

Jul 11, 2022 / 4:00 am

You’re leaving your job. Now you need to decide: do you keep your employee pension intact or take a lump-sum pension payout and invest the money...

How to sell your business

How to sell your business

Jul 4, 2022 / 4:00 am

Your small business has done well for you over the years and produced steady income. But is it ready for a buyer? For some people it can be a struggle to sell...

Automatic portfolio rebalancing can help your investments

Automatic portfolio rebalancing can help your investments

Jun 27, 2022 / 4:00 am

Automatic portfolio rebalancing allows investors to avoid emotional investing and benefit from buying low and selling high. Common investor reactions to a...

Using Tax Free Saving Accounts for long-term saving

Using Tax Free Saving Accounts for long-term saving

Jun 20, 2022 / 4:00 am

As contribution room continues to grow, the Tax Free Savings Account (TFSA), once considered a quaint savings vehicle, is now becoming a powerful retirement...

Small rise in interests rates can result in a big cost to you

Small rise in interests rates can result in a big cost to you

Jun 13, 2022 / 4:00 am

On June 1, the Bank of Canada raised its prime rate by another 50 bps and also signaled additional hikes were coming soon. Canadians with variable rate...

2022 tax season is over

2022 tax season is over

Jun 6, 2022 / 4:00 am

Most Canadians have now filed their taxes which means they will not think about them at all until next spring comes around. But the time to start tax planning...

Are we headed into a recession?

Are we headed into a recession?

May 30, 2022 / 4:00 am

The equity market volatility that investors have been subjected to this spring hasn’t let up through the month of May. The slide across many indices has...

GICs are stable but not always the best investment tool

GICs are stable but not always the best investment tool

May 23, 2022 / 4:00 am

GICs (Guaranteed Investment Certificates) offer investors attractive features, such as a guarantee on your original investment, along with a fixed interest...

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...

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