It's Your Money

Did the budget help you?

Apr 26, 2021 / 6:00 am

The Liberal government released it long overdue federal budget on April 19. While there is not enough room here to go into detail on each item contained in the...

Inheritances for disabled: 2

Apr 19, 2021 / 6:27 am

In last week’s column, I started the conversation on leaving inheritances to people living with disabilities by reviewing Henson Trusts. In the second...

Inheritances for 'disabled'

Apr 12, 2021 / 6:00 am

If you leave money or assets to a loved ones with disabilities, be sure to consider how that might impact their other financial resources, such as social...

Income tax during COVID

Apr 5, 2021 / 6:00 am

This year’s tax filings will likely prove move complicated for many due to pandemic-related benefits and work from home adaptations. Although Canadians...

No-retirement plan blues

Mar 29, 2021 / 6:00 am

Are you into your 50s with no retirement savings to speak of yet? If so, you are not alone. I read somewhere recently that only 54% of “boomers”...

Rich also buy life insurance

Mar 22, 2021 / 6:00 am

Popular wisdom suggests that as people accumulate wealth their need for life insurance decreases. However, permanent life insurance is a financial tool with...

Passing the family cottage

Mar 15, 2021 / 6:00 am

The family cottage can be the most coveted, yet challenging part of many people’s estate plans. Many family members will have countless memories at the...

An easy way to save $1M

Mar 8, 2021 / 6:00 am

How hard is it to save $1 million for retirement? To answer that question, we have to look at a number of variables such as interest rates, number of years to...

RRSP deadline today

Mar 1, 2021 / 6:00 am

Ok, last one I promise. I’ve already written two columns on RRSPs in the last month and I was really wondering if it made any sense to talk about them one...

Virus changing retirement

Feb 22, 2021 / 6:00 am

Canadians are rethinking their approach to retirement planning as a result of the COVID-19 pandemic. While a global pandemic is certainly not a great catalyst,...

Insure your spouse

Feb 15, 2021 / 6:00 am

Do you have insurance on your car? I don’t mean the basic liability insurance that is required by law but instead the additional optional collision...

Top RRSP mistakes

Feb 8, 2021 / 6:00 am

The deadline for contributing to an RRSP account for the 2020 tax year is coming up in a few more weeks on March 1. The RRSP program has been around since 1957,...

Why is the market bullish?

Feb 1, 2021 / 6:00 am

“I keep hearing that the economy is in bad shape, so why is the stock market continuing to set new all-time highs?” I’ve heard that question...

RRSPS in a pandemic year

Jan 25, 2021 / 6:00 am

We are five weeks away from the annual RRSP deadline. Much like in years past, you can expect a few of my upcoming columns to focus on this program. This...

Habits of millionaires

Jan 18, 2021 / 6:00 am

Although it may be hard for some people to retire on one million dollars these days, the simple idea of being a millionaire lives on. That got me thinking. I...

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....