Biggest Mistakes Investors Make when it Comes to Fees and Advice
Over the past 5 years there has been a lot of discussion around investment fees. Seems like you can’t turn on the TV without watching a commercial discussing investment fees, retirement planning, investing etc. That’s because people’s finances are the construct of the lives we lead today and aspire to have tomorrow. In todays information […]
6 Disability Insurance Myths Debunked
There is a lot of misinformation circulating when it comes to disability insurance. In order to make smarter decisions regarding your coverage, you need to know the facts and the options available to you. To help keep you on track, here are six common myths about disability insurance and why they are false. Myth 1: […]
5 Insurance Myths Debunked
Talking about death is rarely a comfortable conversation because people tend to avoid discussing what will happen at the end of their own life. However, this is not the only reason people don’t look into buying life insurance early enough. Myths and misconceptions about life insurance are aplenty, which is preventing thousands of Canadians from […]
What is Group Insurance?
Group insurance is a benefits package offered by a union, professional association, alumni association or employer to its members/employees. Since the organization is purchasing insurance for a large number of people using a wholesale approach, the cost of the policy per person is lower than an individual policy. Policyholders can contribute to the insurance premium […]
Pension decisions when you leave a job
When you leave one job for another, or even when you retire, there are many decisions that need to be made about your pension. There are two main types of pension plans, defined contribution and defined benefit. With defined contribution plans, during your employment your company provides you with a regular lump sum of money […]
Termination and Severance Pay
When you leave your job, you may receive a termination and/or severance pay. When your departure is involuntary every jurisdiction stipulates how much notice you must receive. Commonly, the company will pay you in lieu of actually working through the notice period. This termination pay is considered employment income for tax purposes. You may also […]
Legal Issues when Leaving Your Job
If you have voluntarily left your job there will probably not be any legal implications. However, in situations where you have been laid off or dismissed, the situation can be more complicated and independent legal advice may be warranted. Although your advisor can certainly provide you with information and guidance, there can be employment, tort, […]
Getting the Most out of Renovations
Thinking of renovating this summer? According to the Appraisal Institute of Canada, here are the renovations that pay off the most. Kitchen and Bathroom – Expect an increase in house value of 75% to 100% of the cost of the renovation Painting inside and outside – 50% to 100% of the cost can be recouped […]
Dealing with Credit Agencies
Total Canadian Household Debt is at record levels. Here is some good on how to deal with Collection Agencies. A collection agency is hired to collect money for a third party, usually a company. To avoid being contacted by a collection agency, communication is the key. If you are having a difficult time paying a […]
What’s in a Credit Report?
Total Canadian Household Debt is at record levels. Here is some good information to help you understand your Credit Report. Your credit report contains the following information: • Personal information such as your name, address, social insurance number, employers, date of birth and telephone number • Information related to any loans you have such […]
