Understanding Trusts and Bare Trusts

What is a Trust? A trust serves as a legal mechanism to delegate property management to a trustee for the benefit of one or more beneficiaries. It finds utility in various objectives such as estate planning, tax efficiency, and asset protection. What is a Bare Trust? In contrast, a bare trust is characterized by the […]

The FIRE Movement: A Path to Early Retirement

In the realm of personal finance, few concepts have garnered as much attention in recent years as the FIRE movement. An acronym for “Financial Independence, Retire Early,” FIRE represents a lifestyle and financial strategy that’s gaining traction among millennials and other age groups. But what exactly is the FIRE movement, how does it work, and […]

Popular Budgeting Methods

Budgeting is an essential tool for achieving financial stability and meeting your financial goals. Different methods cater to various needs and preferences. Here’s a breakdown of some of the most popular budgeting methods: 50/30/20 Budget Method: Overview: This method involves dividing your after-tax income into three categories: needs, wants, and savings. Breakdown: 50% Needs: Allocate […]

The Importance of Budgeting and Strategies to Create One

In today’s fast-paced world, financial stability is a sought-after goal for many. One of the foundational steps to achieve this is through effective budgeting. Budgeting is more than just tracking expenses; it’s about understanding your financial health and making informed decisions. Let’s delve into why it’s crucial to have a budget and some strategies 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 […]

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 […]