Lifestyle Tips

Essential Tax Numbers for 2019, 2020 and 2021

With a new year comes new tax numbers! Below is a quick reference of important tax numbers for three years, including 2021. CRA has utilized a 1% indexing (inflation) for those numbers subject to that condition.

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Working with Your Advisor in the Age of Covid-19

Covid-19 has stopped the world in its tracks. Many Canadians are feeling the stress of volatile markets, job insecurity, loss of income, and fear of contracting Covid-19. You may be feeling like you need the advice and support of your advisor now more than ever. The good news is your advisor is here to see you through these tough times; business might just look a little different!

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Understanding Children’s Critical Illness Insurance

Having a child with a critical illness can take both an emotional and financial toll. Having a critical illness policy on your child can give you the peace of mind that if your child become seriously ill, you’d have the financial resources to care for them.

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A guide to individual disability insurance

Disability insurance is designed to help you and your family cope financially in the event that you become disabled and are unable to work. The purpose of this type of insurance is to protect your earning potential, therefore protecting your savings and lifestyle. Not all disability policies are created equal and it’s important to understand the differences between group and individual disability policies.

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What You Need to Know About Appointing a Power of Attorney for Your Finances

Many people may worry as they get older about what will happen if they are no longer able to manage their finances and personal property. It can be a good idea to be proactive in planning ahead for a time when you may need help managing your affairs. One option available to Canadians to address this financial planning concern is appointing a Power of Attorney.

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The Saving Versus Mortgage Dilemma: How to Best Utilize

Investors often are conflicted on what to do with surplus cash. Your options for available cash usually fall into three categories:  spending it, investing it, …

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What to Know Before Taking Advantage of the Current Interest Rates

Current economic conditions have interest rates the lowest they have been in years. Central banks lower rates in time of economic downturn to stimulate the economy. This can make borrowing money seem very appealing. It is important to keep in mind when borrowing that interest rates will not stay low forever. Canadians need to prepare for an eventual period of rising rates, as it will impact mortgages, lines of credit, student loans, savings accounts, and investments. A survey conducted by IPSO in 2016 indicated that 48% of Canadians are just $200 away from not being able to meet their financial obligations. With the current low rate environment being as appealing to consumers as it is, it is possible to take on debt that may become a strain once interest rates rise again…whenever that may be.

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How Young Professionals Can Set Themselves Up for Financial Success

Starting your professional career comes with lots of difficult money decisions. Having a steady stream of income for the first time is a great feeling but knowing what to do with the money can be confusing. Below are 5 strategies that all young professionals should employ to make sure their finances stay on track.

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What is an Emergency Fund and How to Build One?

An emergency fund is a cash reserve that is set aside for the sole purposes of providing a financial bridge in case of emergency.

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6 Tips for More Successful Investing

There is no one and done way to invest, but there are a few tried and true principles that have served investors well over the years.

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