Everybody likes familiar things. We all have a favourite neighbourhood restaurant or watering hole. We gain a sense of comfort when we see a face we know in a crowd of strangers. This is simply the nature of who we are. It seems human nature has also driven the average Canadian investors to gravitate to the familiar when it comes to their portfolios.Read More
Have you ever found yourself staring at the roulette table hoping the ball will land on your colour? Most of us understand the odds of betting on either black or red. Hit the colour selected and double your money. Seems straight forward. But let’s look at the actual odds of winning.Read More
The Registered Education Savings Plan (RESP) is an excellent way to save and invest for the future education costs of a child, whether one is a parent, grandparent, relative, or family friend.
There are almost no downsides to an RESP. In our opinion, one of the biggest hurdles faced by advisors and clients alike is the complex nature of the plan. This article will help you understand RESPs and provide some tips on using them effectively.Read More
The liberal government introduced the 2019 federal budget on March 20, 2019. This is to be their last budget before October elections. While some expected the liberals to incentivize voters for the upcoming election with big tax cuts, none were included in this year’s budget. Perhaps unsurprisingly, two new housing measures were introduced under the impetus of helping first time home buyers enter the property market. Time will tell whether these measures will ease affordability or have any impact at all.Read More
Last month we examined return rates for three hypothetical investors who were investing $1,000 a year into the TSX Total Return Index for 40 years. We found that even if you timed things perfectly (which is virtually impossible over a 40 year period) you only had a return slightly better than an investor who didn’t try to time things at all.Read More
Although tax season is approaching, proactive tax planning is a year-round affair. Here are some tax-related ideas we are sharing with clients.Read More
We’ve all heard sound bites of investment gurus espousing such a strategy. It’s often referred to as ‘market timing.’ The idea seems simple enough; when the market is high, you should avoid investing more money (or sell everything) and wait until things get cheaper. Conversely, if the market is cheap, now is the time to put money to work (or buy back in).Read More
Do you own and operate an incorporated business? If so, have you ever wondered whether it makes sense for you to contribute to your RRSP?Read More
When should I start taking my Canada Pension Plan?’ You would be hard-pressed to find a more universally vexing question to Canadians than this. And like so much in personal finance, finding the right solution really does depend on your priorities.Read More
A Tax-Free Savings Account (TFSA) is a registered account which the Ministry of Finance introduced in 2009 to encourage Canadians to save for their future income needs. While contributions are not deductible like an RRSP contribution, all future earnings and withdrawals from the plan will not be taxedRead More
A power of attorney is a legal document that an individual uses to appoint another person or entity, called the attorney, to make financial and legal decisions on their behalf. The authority granted can be broad or very specific, perhaps only relating to one specific task you’d like your POA to perform.Read More
by Lorenzo Pederzani, CFA, CFP®, FCSI®Read More
Most municipalities allow you to apply for the homeowner's grant online. If paying in person is more convenient, check with your local town hall or check your assessment for details.
The Home Owner's grant is only available for your principle residence. If your home is valued under $1,650,000, the grant should be approx. $740.Read More