Reading Time: 5 minutes The First-Time Home Buyer Savings Account, or FHSA, is a new registered savings account that will be offered by Canadian financial institutions based on the government program to help first-time home buyers save money towards the purchase of a home. Read more…
Reading Time: 4 minutes I watched a webcast by two financial advisors in Calgary who advertise being retirement specialists. They explained well why the sequence of returns in retirement causes the risk that we call the retirement red zone. Their solution to this very Read more…
Reading Time: 3 minutes A trust in Canada is a separate legal entity with a defined lifespan of 21 years. The person who creates the trust is the settlor and a trustee manages it on behalf of the beneficiaries. Trusts may be created during Read more…
Reading Time: 4 minutes Nobody likes thinking about the end of their life, and making suitable preparations. If it’s easier, let’s imagine that you are going to the store to for milk when a genie suddenly whisks you away to a tropical island paradise Read more…
Reading Time: 5 minutes During their work life, most people receive a single paycheque from a single source: their employer. When you retire from employment, it becomes your responsibility to replace your earned income. For many people, their income in retirement comes from multiple Read more…
Reading Time: 5 minutes Canadians pay our fair share of taxes to ensure we have access to social programs and services. But there’s no reason to pay too much tax in retirement. These are seven ways I help my clients to reduce their obligation Read more…
Reading Time: 4 minutes If you have worked with an investment advisor at a bank, a brokerage or an independent firm, you’ve certainly discussed savings, growth and strategic asset allocation. That advice has gotten you where you are. Most investment advice is fine for Read more…
Reading Time: 4 minutes When you choose a financial advisor, these are 10 questions that you’ll definitely want to answer so you can proceed with trust and confidence.
Reading Time: 4 minutes When to start CPP and OAS? Government income in retirement is a guaranteed base. It’s a good idea to minimize taxes and maximize flexibility.
Reading Time: 4 minutes The strategies that you used to get to retirement are not the same as the strategies that will provide retirement income from your investments without the fear of running out. Instead of saving and growing, it’s time to focus on income for spending and on ensuring that it’s stable and dependable.