Money Management for your kids
If you’re like most Canadians, you have some debt. And, if you’re like most Canadians who just lived through a pandemic, you probably have more debt now than you did before. In fact, 43% of Canadians say that they’ve experienced an increase in debt in the past year.1 With the cost of living and interest rates…
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You may be hearing the term “ESG” in the investing world more often. But what does it mean?ESG focuses on three core terms; Environmental, Social and Governance. Let’s find out more about each one.As concerns over environmental risks, such as climate change and loss of biodiversity increase, investors are looking for ways to support companies…
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If market volatility has caused you to transfer your money into GICs or cash, you may want to ask yourself if you are still on track to meeting your personal goals. Whether it’s saving for retirement, a home, or a child’s education, keeping money in a lower-earning investment option may not give you the growth…
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Sometimes the hardest decision is taking no action at all While equity markets have risen strongly over time, they’ve encountered occasional declines along the way. Volatility may cause a bumpy ride … but isn’t that true of most things in life? Market timing typically fails. The worst-performing days are often followed closely by the best…
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When markets fall, the next peak usually isn’t far away Bear markets can be brutal… But bull markets have a history of charging back. S&P/TSX Composite Index: Bull and Bear Market Returns,1977-20221 “The TSX grew 96.71% since the COVID bottom in 2020 to the most recent peak on 3/29/2022. The index then fell 17.02% to…
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Many of us don’t realize or fully appreciate that our own death or that of a loved one can trigger a large and unintended tax burden. Fortunately, life insurance can minimize this risk. There are many reasons why people buy life insurance. Life insurance helps people and businesses manage their risk. It provides security for…
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If market volatility has caused you to transfer your money into GICs or cash, you may want to ask yourself if you are still on track to meeting your personal goals. Whether it’s saving for retirement, a home or a child’s education, keeping money in a lower-earning investment option may not give you the growth…
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When it comes to putting money into an RESP, it is very important to know the RESP contribution rules. The rules are complicated and somewhat confusing but I will do my best to try and help you understand how they work.It’s all about the Canadian Education Savings Grant (CESG). The CESG is 20% of every…
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