Understanding Life Insurance: A Guide to Making the Right Choice

Life insurance is a crucial financial tool designed to provide peace of mind and financial security to your loved ones in the event of your passing. But with various types available, how do you choose the right one? Why Life Insurance? Life insurance isn’t just about preparing for the unexpected; it’s about transferring risk. Instead […]

The Hidden Gem of Canadian Tax Benefits: Health Spending Accounts

For Business Owners and Incorporated Individuals in Canada, managing medical expenses can be streamlined with the use of Health Spending Accounts (HSAs). This tool offers a plethora of benefits tailored for the self-employed and business owners, yet, many remain unaware of its advantages. Understanding Health Spending Accounts (HSA) For incorporated individuals, HSAs are a beacon […]

Choosing the Right Financial Advisor: Key Questions to Ask

Selecting a financial advisor is a crucial step in managing your investments and achieving your financial goals. Here are some key questions to ask potential advisors to ensure they are the right fit for you. 1. Qualifications Inquire about the advisor’s qualifications. What designations do they hold? Are they a Certified Financial Planner or a […]

A Comprehensive Guide to Mutual Funds

Mutual funds are investment vehicles that allow a group of investors to pool their money together and invest in a diversified portfolio. These portfolios are typically comprised of a variety of assets such as stocks, bonds, and other funds. The specific investments within a mutual fund are determined by the fund’s investment objectives. Investing in […]

Understanding the First Home Savings Account (FHSA) in Canada

The First Home Savings Account (FHSA) is a new type of registered savings plan designed to help Canadians save for their first home. It is available to Canadian residents aged 18 years or older who are planning to buy a home in Canada. Contribution Limits The FHSA has specific limits on contributions: An annual contribution […]

What Happens If You Die Without a Will in Canada?

Despite the clear disadvantages, approximately 58% of Canadians do not have a will*, and an additional 10% have an outdated one. This article explores the consequences of dying without a will in Canada. Dying Intestate: The Implications Dying without leaving a will is referred to as dying intestate. In such cases, intestate succession legislation comes […]

How are Mortgage Rates Set? Understanding the Influences and Trends

Mortgage interest rates can often seem elusive and complex. This article aims to demystify how they work and how you can keep track of their movements. The Two Types of Mortgage Rates: Variable and Fixed Mortgage rates come in two main types: variable and fixed. Variable Mortgage Rate A variable rate is directly tied to […]

Your Digital Estate Plan

I find that the beginning of the year is when most people stop and take a stock of their finances. Maybe its because December was an expensive month, or perhaps its because tax season is around the corner. Whatever it may be, it’s also a good idea to review your Estate Plan and contemplate your […]

Setting Your Holiday Budget

With the holiday season in full swing, many Canadians are out rushing to stores to purchase the perfect gifts for their loved ones. Whether you are shopping well in advance or plan on doing some last-minute shopping, having a budget and sticking to it will keep you from feeling the holiday blues. In Canada, 2019 […]

The 2019 Canadian Federal Election and Your Wallet

As a Financial Planner I pay close attention to Provincial and Federal budgets and elections.  Since the next Prime Minister will be announced in less than a week, I felt it would be a good idea to summarize how the 3 major parties’ platforms (election promises) will affect your personal finances. Let’s take a look: […]