It's Your Money
Planning for final expense
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
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
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
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
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...
Back-to-school planning
A new school year is just around the corner, and this one will no doubt look different from more “normal” years. While many parents are still...
Mortgage lenders chastised
Canadian mortgage lenders have been chastised by CMHC. A sharply worded letter released by Canada’s national housing agency (CMHC) has drawn: Praise...
High earners, short careers
The Okanagan is one of the most beautiful areas to live in Canada, if not the world. It is no wonder than many people who live and work in separate places...
When is it best to take CPP?
The question of when to begin taking your Canada Pension Plan (CPP) benefits is one that comes up regularly and something that seems to never have a definitive...
Is the economy really better?
Before the pandemic hit, a large percentage of Canadian families were in dire financial situations and our consumer debt loads were well above historical highs...
Avoid foreign executors
Most Canadians (who have a proper will in place) have named a Canadian resident as an executor. But there are still many out there who have appointed someone...
Turn 2nd home into asset
You love your second home, but, to be honest, you’re not there as often as you’d like. Maybe you have a big trip planned somewhere else this summer....
A sign(ature) of the times
In May, in response to the global pandemic, the B.C. government issued two emergency orders that suspended in-person execution requirements for: Wills Health...
Save money on a rainy day
With July starting in two more days, many are patiently waiting for summer to finally get started. A lot of people find themselves with a little more free time...
Don't spend more money!
I’m going to be really clear on this so listen up – please don’t go out and spend money right now. Tiff Macklem, the new Bank of Canada...
Be wary of market rebound?
Global stock markets have been climbing steadily for the past 2 1/2 months from their late March lows and that rebound came to a screeching halt on June 11 when...
A marathon with no plan
I was thinking that next year I might run in the Boston Marathon with a goal to place in the top 3 overall. To reach that goal, and in light of the fact that I...
It takes a pandemic to get people to buy life insurance
I’ve been writing a weekly finance column for almost a decade now and I’ve dedicated countless columns to trying to explain to people why they...
Estate planning tips for blended families
Do you have a blended family? If so, you need to take extra precautions to make sure that your estate plans are properly set up. Blended families are families...
Retirement hit by COVID-19
Has the COVID-19 pandemic put your retirement plans on hold? There is no question that the global pandemic has affected all of us in some way but those who...