It's Your Money
Insure your spouse
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
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?
“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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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...