Lifestyle

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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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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Are Trusts Still Worthwhile

Since recent tax changes imposed by the federal government, it has been a topic of debate whether or not trusts hold the same advantages they used to. It is true that from a tax perspective trusts aren’t as advantageous as they used to be, however trusts can still be valuable when planning for unique family situations. In the broadest terms, trusts are used to pass money down through generations in a controlled manner. Many families utilize trusts to control how money is dispersed to certain family members and to ensure their loved ones are taken care of when they are gone.

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Dividend Income Vs Interest Income: How They Affect OAS

Avoiding the Old Age Security clawback is typically a top priority for retirees and their advisors. Understanding how different types of investment income can affect your OAS benefit is vital when trying to keep your income under the clawback threshold.

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Why You Should Be Careful in Thinking Your House is an Investment

Most people have a story about a parent or grandparent that bought a house for very little money 30 years ago and its worth a significant amount today. Stories like this can be misleading. Making 300% on your house sounds good in theory, but only if you don’t go back and crunch the numbers. Add up the amount of money that they’ve put into the house and then add in inflation… the results might not be as desirable as they first seem.

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How Young Professionals Can Set Themselves Up for Financial Success

Starting your professional career can be equal parts exciting and terrifying. 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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